Section 8 Fair Market Rent (FMR) for ZIP 07845 - 2027

Name: Section 8 Fair Market Rent Data for 07845
Creator: U.S. Department of Housing and Urban Development (HUD)
License: https://creativecommons.org/publicdomain/zero/1.0/

Location: Newark, NJ | Metro: Newark, NJ HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,870
1 Bedroom	$2,110
2 Bedrooms	$2,550
3 Bedrooms	$3,180
4 Bedrooms	$3,640
5 Bedrooms	$4,222
6 Bedrooms	$4,729
7 Bedrooms	$5,107
8 Bedrooms	$5,362

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.