FISCAL YEAR 2008
FINAL FAIR MARKET RENTS
FOR EXISTING HOUSING

The following tables represent the Fair Market Rents (FMRs) for the state of New Jersey in selected Metropolitan and Nonmetropolitan Statistical Areas. Larger tables have been broken into screen-sized chunks to allow easy header viewing. These statistics were taken from Schedule B of the Federal document Proposed Fair Market Rents for Fiscal Year 2008 for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. The following abbreviations will be used:

 

FMR=Fair Market Rent
0 BR=Efficiency Apartment
1 BR=One Bedroom Apartment
2 BR=Two Bedroom Apartment/Duplex
3 BR=Three Bedroom Duplex/House
4 BR=Four Bedroom House
MSA=Metropolitan Statistical Area
PMSA=Primary Metropolitan Statistical Area

 

New Jersey

 

METROPOLITAN FMR AREAS LIVING WAGE ($/hour) FAIR MARKET RENT ($/month)
0 BR 1 BR 0 BR 1 BR 2 BR 3 BR 4 BR
Atlantic City, NJ MSA $15.12 $16.65 786 866 1033 1310 1469
* Bergen-Passaic, NJ HUD Metro FMR Area $19.25 $21.54 1001 1120 1256 1551 1786
* Jersey City, NJ HUD Metro FMR Area $18.60 $19.65 967 1022 1192 1445 1556
* Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area $21.13 $21.90 1099 1139 1340 1682 1983
* Monmouth-Ocean, NJ HUD Metro FMR Area $17.06 $19.71 887 1025 1251 1630 1769
* Newark, NJ HUD Metro FMR Area $15.19 $18.56 790 965 1103 1320 1460
Ocean City, NJ MSA $13.40 $13.69 697 712 895 1172 1207
Trenton-Ewing, NJ MSA $15.58 $17.92 810 932 1120 1338 1502
Vineland-Millville-Bridgeton, NJ MSA $14.54 $14.60 756 759 956 1162 1224
* Warren County, NJ HUD Metro FMR Area $14.79 $16.56 769 861 1007 1205 1241



 

Note: The FMRs for unit sizes larger than 4 BRs are calculated by adding 15% to the 4 BR FMR for each extra bedroom.      12110
* 50TH percentile FMRs are indicated by an * before the HUD Metro FMR name.

 

 

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