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RentData.org Logo Middlesex-Somerset-Hunterdon Fair Market Rent FY 2019 Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Middlesex-Somerset-Hunterdon, NJ :
$1,148 $1,360 $1,746 $2,213 $2,600
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Middlesex-Somerset-Hunterdon are very high compared to the national average. This FMR area is more expensive than 99% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Middlesex-Somerset-Hunterdon is $1,746 per month.

The previous year, rent for a two-bedroom home was $1,627 per month. This is a 7.31% increase year-over-year.

This FMR rate applies to Readington, NJ, Pluckemin, NJ, Stanton, NJ, Blawenburg, NJ, Whitehouse, NJ, Liberty Corner, NJ, Rosemont, NJ, Changewater, NJ, Quakertown, NJ, Baptistown, NJ and other cities within the region. The Metro Code or CBSA code for this region is METRO35620MM5015.

Additionally, This Fair Market Rent (FMR) area Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area spans three counties or cities in New Jersey which ares listed in the table below. Estimated population of Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area FMR area is 1,261,651 people based on 2010 Census data.

Compared to the rest of New Jersey, the Middlesex-Somerset-Hunterdon FMR area is more expensive than 91% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Middlesex-Somerset-Hunterdon. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Middlesex-Somerset-Hunterdon

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1224
1-BR 1-Bedroom $ 1451
2-BR 2-Bedroom $ 1863
3-BR 3-Bedroom $ 2361
4-BR 4-Bedroom $ 2774
Change Year:

The counties, cities, towns, and regions listed below fall into the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: New York and Philadelphia.

County / Region Est. Population
Hunterdon County, NJ Metro 128,349
Middlesex County, NJ Metro 809,858
Somerset County, NJ Metro 323,444
Zip Codes in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area

There are 110 unique zip codes in this Fair Market Rent (FMR) area:

07001, 07008, 07059, 07060, 07062, 07063, 07064, 07067, 07069, 07076, 07077, 07080, 07095, 07721, 07726, 07735, 07747, 07751, 07830, 07831, 07865, 07882, 07921, 07922, 07924, 07938, 07939, 07977, 07978, 07979, 08502, 08504, 08525, 08528, 08530, 08536, 08551, 08553, 08556, 08557, 08558, 08559, 08560, 08801, 08802, 08803, 08804, 08805, 08807, 08809, 08810, 08812, 08816, 08817, 08818, 08820, 08821, 08822, 08823, 08824, 08825, 08826, 08827, 08828, 08829, 08830, 08831, 08832, 08833, 08835, 08836, 08837, 08840, 08844, 08846, 08848, 08850, 08852, 08853, 08854, 08855, 08857, 08858, 08859, 08861, 08862, 08863, 08867, 08868, 08869, 08870, 08872, 08873, 08875, 08876, 08879, 08880, 08882, 08884, 08885, 08887, 08888, 08889, 08899, 08901, 08902, 08903, 08904, 08906 and 08933

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