New Jersey · FIPS 34027 · HUD FY 2027
Morris County, New Jersey Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Morris County is $2,233 a month (rent plus utilities), 2% below the New Jersey average of $2,268 and 27% above the U.S. average of $1,761. That is up $28 (1.3%) from FY 2026. At 30% of income, a household needs about $89,320 a year to afford it.
- $2,2332-bedroom FMR+$28 (+1.3%) vs FY 2026
- $1,8501-bedroom FMRNew Jersey: $1,891 · U.S.: $1,478
- $89,320Income for a 2-bedroom$43/hour full-time
- 10 of 212BR rank in New Jersey1 = highest rent
| Unit | Morris County FY 2027 | FY 2026 | Change | New Jersey avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,637 | $1,612 | +$25 (+1.6%) | $1,725 | $1,379 | $65,480 |
| 1 bedroom | $1,850 | $1,822 | +$28 (+1.5%) | $1,891 | $1,478 | $74,000 |
| 2 bedrooms | $2,233 | $2,205 | +$28 (+1.3%) | $2,268 | $1,761 | $89,320 |
| 3 bedrooms | $2,785 | $2,761 | +$24 (+0.9%) | $2,793 | $2,266 | $111,400 |
| 4 bedrooms | $3,188 | $3,137 | +$51 (+1.6%) | $3,206 | $2,607 | $127,520 |
How Morris County compares
- HUD sets this rent for the Newark, NJ metro FMR area, which covers 2,102,627 residents in 4 counties.
- Across New Jersey, 2-bedroom FMRs run from $1,704 (Cumberland County) to $2,792 (Hudson County).
- Studio to 4-bedroom: $1,637, $1,850, $2,233, $2,785, $3,188. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 50 ZIP codes mostly in Morris County (by land area), the 2-bedroom figure ranges from $1,990 to $3,350.
Small Area FMRs by ZIP code in Morris County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 07005 | $1,800 | $2,040 | $2,460 | $3,070 | $3,510 | +$30 (+1.2%) | 10% above |
| 07034 | $1,460 | $1,640 | $1,990 | $2,490 | $2,830 | +$30 (+1.5%) | 11% below |
| 07035 | $1,760 | $1,990 | $2,400 | $2,990 | $3,430 | −$10 (−0.4%) | 7% above |
| 07045 | $2,030 | $2,300 | $2,770 | $3,450 | $3,950 | −$120 (−4.2%) | 24% above |
| 07046 | $1,820 | $2,060 | $2,480 | $3,100 | $3,540 | −$10 (−0.4%) | 11% above |
| 07054 | $1,940 | $2,190 | $2,640 | $3,290 | $3,770 | +$60 (+2.3%) | 18% above |
| 07058 | $2,320 | $2,620 | $3,160 | $3,940 | $4,510 | −$20 (−0.6%) | 42% above |
| 07082 | $1,960 | $2,220 | $2,670 | $3,330 | $3,810 | +$20 (+0.8%) | 20% above |
| 07405 | $1,640 | $1,850 | $2,230 | $2,780 | $3,180 | +$30 (+1.4%) | about the same as |
| 07438 | $1,630 | $1,840 | $2,210 | $2,750 | $3,180 | −$80 (−3.5%) | 1% below |
| 07440 | $1,950 | $2,200 | $2,640 | $3,280 | $3,810 | +$20 (+0.8%) | 18% above |
| 07444 | $2,100 | $2,370 | $2,860 | $3,570 | $4,080 | +$50 (+1.8%) | 28% above |
| 07457 | $2,410 | $2,720 | $3,280 | $4,090 | $4,680 | −$30 (−0.9%) | 47% above |
| 07801 | $1,780 | $2,010 | $2,430 | $3,030 | $3,470 | −$20 (−0.8%) | 9% above |
| 07803 | $1,800 | $2,040 | $2,460 | $3,070 | $3,510 | −$130 (−5.0%) | 10% above |
| 07828 | $1,500 | $1,700 | $2,050 | $2,560 | $2,930 | +$40 (+2.0%) | 8% below |
| 07834 | $1,790 | $2,020 | $2,440 | $3,040 | $3,480 | −$70 (−2.8%) | 9% above |
| 07836 | $1,870 | $2,110 | $2,550 | $3,180 | $3,640 | −$80 (−3.0%) | 14% above |
| 07842 | $1,800 | $2,040 | $2,460 | $3,070 | $3,510 | −$50 (−2.0%) | 10% above |
| 07847 | $2,110 | $2,390 | $2,880 | $3,590 | $4,110 | +$30 (+1.1%) | 29% above |
| 07849 | $1,620 | $1,830 | $2,210 | $2,760 | $3,150 | −$20 (−0.9%) | 1% below |
| 07850 | $1,680 | $1,900 | $2,290 | $2,860 | $3,270 | −$80 (−3.4%) | 3% above |
| 07852 | $1,880 | $2,120 | $2,560 | $3,190 | $3,650 | +$180 (+7.6%) | 15% above |
| 07853 | $1,690 | $1,910 | $2,310 | $2,880 | $3,300 | −$70 (−2.9%) | 3% above |
| 07856 | $2,320 | $2,630 | $3,170 | $3,950 | $4,530 | −$80 (−2.5%) | 42% above |
| 07857 | $1,460 | $1,640 | $1,990 | $2,490 | $2,830 | +$60 (+3.1%) | 11% below |
| 07866 | $1,750 | $1,980 | $2,390 | $2,980 | $3,410 | −$10 (−0.4%) | 7% above |
| 07869 | $1,770 | $2,000 | $2,410 | $3,010 | $3,440 | −$40 (−1.6%) | 8% above |
| 07870 | $1,660 | $1,800 | $2,200 | $2,730 | $3,160 | −$10 (−0.5%) | 1% below |
| 07876 | $2,290 | $2,580 | $3,120 | $3,890 | $4,450 | +$20 (+0.6%) | 40% above |
| 07878 | $2,380 | $2,690 | $3,250 | $4,050 | $4,630 | +$30 (+0.9%) | 46% above |
| 07885 | $1,870 | $2,110 | $2,550 | $3,180 | $3,640 | −$90 (−3.4%) | 14% above |
| 07926 | $2,450 | $2,770 | $3,340 | $4,170 | $4,770 | +$100 (+3.1%) | 50% above |
| 07927 | $2,460 | $2,780 | $3,350 | $4,180 | $4,780 | +$40 (+1.2%) | 50% above |
| 07928 | $2,380 | $2,690 | $3,250 | $4,050 | $4,640 | +$60 (+1.9%) | 46% above |
| 07930 | $1,880 | $2,130 | $2,570 | $3,210 | $3,670 | +$80 (+3.2%) | 15% above |
| 07932 | $2,460 | $2,780 | $3,350 | $4,180 | $4,780 | +$40 (+1.2%) | 50% above |
| 07933 | $1,920 | $2,140 | $2,610 | $3,220 | $3,670 | −$80 (−3.0%) | 17% above |
| 07935 | $2,420 | $2,730 | $3,300 | $4,120 | $4,710 | +$80 (+2.5%) | 48% above |
| 07936 | $2,460 | $2,780 | $3,350 | $4,180 | $4,780 | +$40 (+1.2%) | 50% above |
| 07940 | $2,230 | $2,520 | $3,040 | $3,790 | $4,340 | no change | 36% above |
| 07945 | $2,180 | $2,470 | $2,980 | $3,730 | $4,240 | −$330 (−10.0%) | 33% above |
| 07946 | $2,180 | $2,380 | $2,940 | $3,540 | $3,990 | +$20 (+0.7%) | 32% above |
| 07950 | $2,460 | $2,780 | $3,350 | $4,180 | $4,780 | +$40 (+1.2%) | 50% above |
| 07960 | $2,450 | $2,770 | $3,340 | $4,170 | $4,770 | +$100 (+3.1%) | 50% above |
| 07961 | $2,370 | $2,680 | $3,240 | $4,040 | $4,620 | +$60 (+1.9%) | 45% above |
| 07970 | $2,140 | $2,420 | $2,910 | $3,640 | $4,160 | −$80 (−2.7%) | 30% above |
| 07976 | $1,870 | $2,110 | $2,550 | $3,180 | $3,640 | −$30 (−1.2%) | 14% above |
| 07980 | $1,580 | $1,790 | $2,160 | $2,690 | $3,080 | −$220 (−9.2%) | 3% below |
| 07981 | $2,460 | $2,780 | $3,350 | $4,180 | $4,780 | +$40 (+1.2%) | 50% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.