FY2027 Small Area FMR · Avenel, NJ

ZIP 07001 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07001 (Avenel, NJ) is $2,710 a month, up 6.7% from FY2026. That is 3% above the Middlesex-Somerset-Hunterdon, NJ area-wide FMR of $2,623.

2-bedroom SAFMR$2,710per month ▲ 6.7%

Area-wide 2 BR FMR$2,623Middlesex-Somerset-Hunterdon

Rank in the area48thof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,439

2 BR Small Area FMR$2,710

110% of SAFMR$2,981

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,020▲ 9.8%

1 BR$2,170▲ 7.4%

2 BR$2,710▲ 6.7%

3 BR$3,230▲ 5.9%

4 BR$3,620▲ 7.4%

FY2027 FY2026

Where 07001 sits in the Middlesex-Somerset-Hunterdon, NJ area

Of the 114 ZIP codes HUD lists for the area, 07001 has the 48th highest two-bedroom Small Area FMR. Middlesex-Somerset-Hunterdon, NJ is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,623 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,710 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,020	$1,818 – $2,222	$1,953	$1,840
1 bedroom	$2,170	$1,953 – $2,387	$2,103	$2,020
2 bedrooms	$2,710	$2,439 – $2,981	$2,623	$2,540
3 bedrooms	$3,230	$2,907 – $3,553	$3,125	$3,050
4 bedrooms	$3,620	$3,258 – $3,982	$3,508	$3,370

A household renting a two-bedroom home at the Small Area FMR of $2,710 needs about $108,400 a year to keep housing costs at 30% of income. The area median family income is $154,800 and the 80% low-income limit for four people is $114,600. ZIP code 07001 lies mainly in Middlesex County. See the Middlesex-Somerset-Hunterdon, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
07065	Rahway	1.7 mi	$2,460
07064	Port Reading	1.7 mi	$2,590
07008	Carteret	2.2 mi	$2,880
07067	Colonia	2.2 mi	$2,800
07077	Sewaren	2.2 mi	$2,240
07095	Woodbridge	2.3 mi	$2,930

Questions

What is the Fair Market Rent for ZIP code 07001?

HUD's FY2027 Small Area Fair Market Rents for 07001 are $2,020 (studio), $2,170 (1 BR), $2,710 (2 BR), $3,230 (3 BR) and $3,620 (4 BR) a month.

What is the Section 8 payment standard in 07001?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07001 that range is $2,439 to $2,981 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07001?

The FY2026 income limits of the Middlesex-Somerset-Hunterdon, NJ area apply: median family income $154,800, low-income (80%) limit $114,600 for a family of four.