Section 8 Fair Market Rent (FMR) for ZIP 07933 - 2027

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

Investment Score for ZIP 07933

N/A

Monthly Rent (2BR)

$2,610

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,920
1 Bedroom	$2,140
2 Bedrooms	$2,610
3 Bedrooms	$3,220
4 Bedrooms	$3,670
5 Bedrooms	$4,257
6 Bedrooms	$4,768
7 Bedrooms	$5,149
8 Bedrooms	$5,406

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$3,220	$702,116	0.46%	F
4BR	$3,670	$944,330	0.39%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,995

Median Household Income

$N/A

Housing Units

1,209

Renter Percentage

6.8%

Occupancy Rate

94.6%

Renter Occupied

The zip code 07933, located in New Jersey, is characterized by its suburban setting, offering a blend of residential tranquility and proximity to urban amenities. This area has seen steady interest from both homeowners and renters, making it a viable investment opportunity for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in zip code 07933 for fiscal year 2024 is set at $2460.
The median home value in the area stands at $756,518, reflecting a robust housing market.
Renters make up only 6.8% of the population, indicating a preference for homeownership over renting.
Despite the low renter share, the area's strong economic foundation and median income levels support rental property investments.
The lack of available data on market rent and days on market (DOM) suggests that the rental market may be less active compared to the overall real estate market.
The absence of specific median income data implies a need for further research into local employment trends and income distribution.

Investors considering the zip code 07933 should note the relatively high median home values and the specific FMR guidelines, which provide a benchmark for rental pricing. Although the percentage of renters is low, the area's economic strength and potential for appreciation in property values make it a solid choice for those looking to invest in real estate. Further investigation into local employment and income patterns will help refine investment strategies and ensure they align with the broader economic context of the region.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

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.