What is the Fair Market Rent in Jersey City, NJ?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,460 to $4,190 a month across the 7 ZIP codes that cover Jersey City.

By ZIP code: 07302 $4,190, 07304 $2,520, 07305 $2,460, 07306 $2,600, 07310 $4,190, 07311 $4,190, 07307 $2,770.

Across the whole Jersey City, NJ HUD Metro FMR Area the two-bedroom figure is $2,792.

The Census Bureau’s median gross rent for a two-bedroom home in Jersey City is $1,932 (±$43), below the Small Area figure for ZIP 07302.

Figures last updated on .

2 bedrooms, whole area
$2,792
2 bedrooms, ZIP 07302
$4,190
2 bedrooms, ZIP 07304
$2,520
2 bedrooms, ZIP 07305
$2,460

Fair Market Rents for Jersey City, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Jersey City, NJ HUD Metro FMR Area (whole area)$2,462$2,514$2,792$3,392$3,976—
ZIP 07302$3,690$3,770$4,190$5,090$5,970$3,093
ZIP 07304$2,220$2,270$2,520$3,060$3,590$1,661
ZIP 07305$2,170$2,210$2,460$2,990$3,500$1,712
ZIP 07306$2,290$2,340$2,600$3,160$3,700$1,694
ZIP 07310$3,690$3,770$4,190$5,090$5,970$3,500 or more
ZIP 07311$3,690$3,770$4,190$5,090$5,970$3,500 or more
ZIP 07307 (99% of the ZIP’s land is in this place)$2,440$2,490$2,770$3,370$3,940$1,780

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Jersey City

What is the Section 8 payment standard in Jersey City?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Jersey City, NJ HUD Metro FMR Area is $2,792, and the Small Area figure for 07302 is $4,190.

What is the Fair Market Rent for a two-bedroom in ZIP 07302?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07302 is $4,190 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $3,093 (±$88).

What is the Fair Market Rent for a two-bedroom in ZIP 07304?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07304 is $2,520 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,661 (±$63).

What is the Fair Market Rent for a two-bedroom in ZIP 07305?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07305 is $2,460 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,712 (±$56).

What is the Fair Market Rent for a one-bedroom in Jersey City?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 07302 is $3,770 a month, against $2,514 across the Jersey City, NJ HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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