Section 8 Fair Market Rent (FMR) for ZIP 08872 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 08872

• Perth Amboy Housing Authority (Perth Amboy, NJ) - 1,501 Section 8 vouchers
• New Brunswick Housing Authority (New Brunswick, NJ) - 1,025 Section 8 vouchers
• Woodbridge Housing Authority (Woodbridge, NJ) - 975 Section 8 vouchers
• Carteret Housing Authority (Carteret, NJ) - 696 Section 8 vouchers
• Edison Housing Authority (Edison, NJ) - 380 Section 8 vouchers
• Highland Park Housing Authority (Highland Park, NJ) - 273 Section 8 vouchers
• Old Bridge Housing Authority (Old Bridge, NJ) - 208 Section 8 vouchers
• Sayreville Housing Authority (Sayreville, NJ) - 179 Section 8 vouchers
• South Amboy Housing Authority (South Amboy, NJ) - 114 Section 8 vouchers

Sayreville, NJ, located in Middlesex County, is a suburban town that offers a mix of residential and commercial amenities. The area is known for its family-friendly environment and proximity to major urban centers, making it an attractive location for both residents and investors.

• The Fair Market Rent (FMR) for a two-bedroom apartment in Sayreville for fiscal year 2024 is set at $1,850. This figure reflects the housing market's baseline rental price, which can be used to gauge the minimum acceptable rent for subsidized housing units.
• The market rent, according to the latest Census American Community Survey (ACS), stands at $1,697 for a similar unit. This indicates that the actual rental market is slightly below the FMR, suggesting a competitive pricing scenario for landlords.
• The median home value in Sayreville is $538,502. This places the town in a moderate range for home values, balancing affordability with quality living conditions.
• A significant 40.5% of Sayreville's population are renters, indicating a robust demand for rental properties. This high renter share suggests that there is a strong market for landlords looking to invest in rental units.
• The median household income in Sayreville is $97,489. This relatively high income level supports the ability of residents to afford higher rents, potentially leading to better rental payment reliability.
• The Days on Market (DOM) for rental listings is not available, which could indicate either a very active market with quick turnovers or a lack of recent data. Regardless, the high renter share and competitive rental prices suggest a fast-moving market for rental properties.

In summary, Sayreville presents a balanced investment opportunity for landlords and small-portfolio investors. With a substantial portion of the population renting and a median income that supports rental affordability, the town has a strong base for rental demand. However, the actual market rent is slightly lower than the FMR, suggesting that landlords should consider setting competitive prices to attract tenants. The median home value also indicates a stable housing market, providing a solid foundation for property investments. Overall, Sayreville offers a promising environment for those interested in the rental market, with potential for steady returns and manageable competition.

Data Sources: FMR data from HUD (2027). 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.