Somerset County, NJ

2024 Fair Market Rents

Tags: 2024 Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area

Return to the state page to see where New Jersey ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Somerset County are Somerset, Hillsborough, Bridgewater, and Plainfield. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Somerset County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Somerset County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Somerset County compare?

Somerset County ($2,276) has a 20.5% higher FMR for 2-Bedroom housing than the average of New Jersey ($1,889) and therefore a higher gross rent.

Somerset County is rank 2nd out of 21 counties. This means the FMRs, or in other words, the gross rent is higher than 19 other counties. Somerset County is the 2nd most expensive county in terms of FMRs.

Rent Tables Somerset County, NJ

Fair Market Rent (40th Percentile)

$1,608
studio
$1,807
1-Bedroom
$2,276
2-Bedroom
$2,756
3-Bedroom
$3,031
4-Bedroom

Median Rent (50th Percentile)

$1,722
studio
$1,935
1-Bedroom
$2,438
2-Bedroom
$2,953
3-Bedroom
$3,247
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07059 $1,950 $2,190 $2,760 $3,340 $3,680
07060 $1,300 $1,480 $1,810 $2,250 $2,560
07062 $1,370 $1,580 $1,900 $2,400 $2,770
07063 $1,510 $1,730 $2,110 $2,640 $3,010
07069 $2,310 $2,600 $3,270 $3,960 $4,350
07076 $1,660 $1,910 $2,300 $2,910 $3,360
07921 $2,090 $2,350 $2,960 $3,580 $3,940
07922 $2,070 $2,380 $2,870 $3,630 $4,190
07924 $1,780 $2,000 $2,520 $3,050 $3,360
07938 $1,700 $1,910 $2,410 $2,920 $3,210
07939 $2,150 $2,410 $3,040 $3,680 $4,050
07977 $1,640 $1,840 $2,320 $2,810 $3,090
07978 $1,700 $1,910 $2,410 $2,920 $3,210
08502 $2,150 $2,420 $3,050 $3,690 $4,060
08504 $1,700 $1,910 $2,410 $2,920 $3,210
08553 $1,720 $1,930 $2,430 $2,940 $3,240
08807 $1,770 $1,990 $2,510 $3,040 $3,340
08821 $1,920 $2,160 $2,720 $3,290 $3,620
08823 $1,950 $2,190 $2,760 $3,340 $3,680
08835 $1,480 $1,670 $2,100 $2,540 $2,800
08836 $1,820 $2,040 $2,580 $3,120 $3,430
08844 $1,920 $2,160 $2,720 $3,290 $3,620
08869 $1,680 $1,890 $2,380 $2,880 $3,170
08873 $1,700 $1,900 $2,400 $2,910 $3,200
08875 $1,700 $1,910 $2,410 $2,920 $3,210
08880 $1,580 $1,770 $2,230 $2,700 $2,970
07060 $1,300 $1,480 $1,810 $2,250 $2,560
07062 $1,370 $1,580 $1,900 $2,400 $2,770
07063 $1,510 $1,730 $2,110 $2,640 $3,010
07076 $1,660 $1,910 $2,300 $2,910 $3,360
07922 $2,070 $2,380 $2,870 $3,630 $4,190
07924 $1,780 $2,000 $2,520 $3,050 $3,360
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07059 $1,755 $1,971 $2,484 $3,006 $3,312
07060 $1,170 $1,332 $1,629 $2,025 $2,304
07062 $1,233 $1,422 $1,710 $2,160 $2,493
07063 $1,359 $1,557 $1,899 $2,376 $2,709
07069 $2,079 $2,340 $2,943 $3,564 $3,915
07076 $1,494 $1,719 $2,070 $2,619 $3,024
07921 $1,881 $2,115 $2,664 $3,222 $3,546
07922 $1,863 $2,142 $2,583 $3,267 $3,771
07924 $1,602 $1,800 $2,268 $2,745 $3,024
07938 $1,530 $1,719 $2,169 $2,628 $2,889
07939 $1,935 $2,169 $2,736 $3,312 $3,645
07977 $1,476 $1,656 $2,088 $2,529 $2,781
07978 $1,530 $1,719 $2,169 $2,628 $2,889
08502 $1,935 $2,178 $2,745 $3,321 $3,654
08504 $1,530 $1,719 $2,169 $2,628 $2,889
08553 $1,548 $1,737 $2,187 $2,646 $2,916
08807 $1,593 $1,791 $2,259 $2,736 $3,006
08821 $1,728 $1,944 $2,448 $2,961 $3,258
08823 $1,755 $1,971 $2,484 $3,006 $3,312
08835 $1,332 $1,503 $1,890 $2,286 $2,520
08836 $1,638 $1,836 $2,322 $2,808 $3,087
08844 $1,728 $1,944 $2,448 $2,961 $3,258
08869 $1,512 $1,701 $2,142 $2,592 $2,853
08873 $1,530 $1,710 $2,160 $2,619 $2,880
08875 $1,530 $1,719 $2,169 $2,628 $2,889
08880 $1,422 $1,593 $2,007 $2,430 $2,673
07060 $1,170 $1,332 $1,629 $2,025 $2,304
07062 $1,233 $1,422 $1,710 $2,160 $2,493
07063 $1,359 $1,557 $1,899 $2,376 $2,709
07076 $1,494 $1,719 $2,070 $2,619 $3,024
07922 $1,863 $2,142 $2,583 $3,267 $3,771
07924 $1,602 $1,800 $2,268 $2,745 $3,024
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07059 $2,145 $2,409 $3,036 $3,674 $4,048
07060 $1,430 $1,628 $1,991 $2,475 $2,816
07062 $1,507 $1,738 $2,090 $2,640 $3,047
07063 $1,661 $1,903 $2,321 $2,904 $3,311
07069 $2,541 $2,860 $3,597 $4,356 $4,785
07076 $1,826 $2,101 $2,530 $3,201 $3,696
07921 $2,299 $2,585 $3,256 $3,938 $4,334
07922 $2,277 $2,618 $3,157 $3,993 $4,609
07924 $1,958 $2,200 $2,772 $3,355 $3,696
07938 $1,870 $2,101 $2,651 $3,212 $3,531
07939 $2,365 $2,651 $3,344 $4,048 $4,455
07977 $1,804 $2,024 $2,552 $3,091 $3,399
07978 $1,870 $2,101 $2,651 $3,212 $3,531
08502 $2,365 $2,662 $3,355 $4,059 $4,466
08504 $1,870 $2,101 $2,651 $3,212 $3,531
08553 $1,892 $2,123 $2,673 $3,234 $3,564
08807 $1,947 $2,189 $2,761 $3,344 $3,674
08821 $2,112 $2,376 $2,992 $3,619 $3,982
08823 $2,145 $2,409 $3,036 $3,674 $4,048
08835 $1,628 $1,837 $2,310 $2,794 $3,080
08836 $2,002 $2,244 $2,838 $3,432 $3,773
08844 $2,112 $2,376 $2,992 $3,619 $3,982
08869 $1,848 $2,079 $2,618 $3,168 $3,487
08873 $1,870 $2,090 $2,640 $3,201 $3,520
08875 $1,870 $2,101 $2,651 $3,212 $3,531
08880 $1,738 $1,947 $2,453 $2,970 $3,267
07060 $1,430 $1,628 $1,991 $2,475 $2,816
07062 $1,507 $1,738 $2,090 $2,640 $3,047
07063 $1,661 $1,903 $2,321 $2,904 $3,311
07076 $1,826 $2,101 $2,530 $3,201 $3,696
07922 $2,277 $2,618 $3,157 $3,993 $4,609
07924 $1,958 $2,200 $2,772 $3,355 $3,696

Fair Market Rents on this page apply to the following cities in Somerset County, New Jersey: Somerset, Hillsborough, Bridgewater, Plainfield, Scotch Plains, Warren, Berkeley Heights, Belle Mead, Manville, Franklin Park, Bedminster, Bernardsville, Raritan, Watchung, South Bound Brook, Martinsville, Peapack, Rocky Hill, Flagtown, and Lyons.

These Fair Market Rents also apply to the following ZIP codes in Somerset County, New Jersey: 08873, 08844, 08807, 07060, 07076, 07059, 07922, 07062, 07063, 08502, 08835, 08823, 07921, 07924, 08869, 07069, 08880, 08836, 07977, and 08553.

Somerset County, NJ is considered part of the following metro FMR area: MIDDLESEX-SOMERSET-HUNTERDON, NJ HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Hunterdon County, NJ, and Middlesex County, NJ.

More on Somerset County, NJ

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.