FY2027 Small Area FMR · Jersey City, NJ
ZIP 07097 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07097 (Jersey City, NJ) is $2,790 a month, up 1.1% from FY2026. That is 0% equal to the Jersey City, NJ area-wide FMR of $2,792.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 07097 sits in the Jersey City, NJ area
Of the 20 ZIP codes HUD lists for the area, 07097 has the 9th highest two-bedroom Small Area FMR. Jersey City, NJ is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,511 and $3,069 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,460 | $2,214 – $2,706 | $2,462 | $2,400 |
| 1 bedroom | $2,510 | $2,259 – $2,761 | $2,514 | $2,460 |
| 2 bedrooms | $2,790 | $2,511 – $3,069 | $2,792 | $2,760 |
| 3 bedrooms | $3,390 | $3,051 – $3,729 | $3,392 | $3,360 |
| 4 bedrooms | $3,970 | $3,573 – $4,367 | $3,976 | $3,950 |
A household renting a two-bedroom home at the Small Area FMR of $2,790 needs about $111,600 a year to keep housing costs at 30% of income. The area median family income is $110,100 and the 80% low-income limit for four people is $117,900. ZIP code 07097 lies mainly in Hudson County. See the Jersey City, NJ county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 07097?
HUD's FY2027 Small Area Fair Market Rents for 07097 are $2,460 (studio), $2,510 (1 BR), $2,790 (2 BR), $3,390 (3 BR) and $3,970 (4 BR) a month.
What is the Section 8 payment standard in 07097?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07097 that range is $2,511 to $3,069 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 07097?
The FY2026 income limits of the Jersey City, NJ area apply: median family income $110,100, low-income (80%) limit $117,900 for a family of four.