FY2027 Small Area FMR · Roselle, NJ

ZIP 07203 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07203 (Roselle, NJ) is $2,060 a month, up 1.0% from FY2026. That is 8% below the Newark, NJ area-wide FMR of $2,233.

2-bedroom SAFMR$2,060per month ▲ 1.0%

Area-wide 2 BR FMR$2,233Newark, NJ

Rank in the area137thof 161 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,854

2 BR Small Area FMR$2,060

110% of SAFMR$2,266

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

Studio$1,510▲ 1.3%

1 BR$1,710▲ 1.2%

2 BR$2,060▲ 1.0%

3 BR$2,570▲ 0.8%

4 BR$2,940▲ 1.4%

FY2027 FY2026

Where 07203 sits in the Newark, NJ area

Of the 161 ZIP codes HUD lists for the area, 07203 has the 137th highest two-bedroom Small Area FMR. Newark, 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 $2,233 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,060 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	$1,510	$1,359 – $1,661	$1,637	$1,490
1 bedroom	$1,710	$1,539 – $1,881	$1,850	$1,690
2 bedrooms	$2,060	$1,854 – $2,266	$2,233	$2,040
3 bedrooms	$2,570	$2,313 – $2,827	$2,785	$2,550
4 bedrooms	$2,940	$2,646 – $3,234	$3,188	$2,900

A household renting a two-bedroom home at the Small Area FMR of $2,060 needs about $82,400 a year to keep housing costs at 30% of income. The area median family income is $138,400 and the 80% low-income limit for four people is $106,800. ZIP code 07203 lies mainly in Union County. See the Newark, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
07204	Roselle Park	1.0 mi	$2,100
07036	Linden	2.2 mi	$2,160
07202	Elizabeth	2.3 mi	$2,180
07016	Cranford	2.3 mi	$2,870
07033	Kenilworth	2.3 mi	$2,710
07208	Elizabeth	2.3 mi	$2,130

Questions

What is the Fair Market Rent for ZIP code 07203?

HUD's FY2027 Small Area Fair Market Rents for 07203 are $1,510 (studio), $1,710 (1 BR), $2,060 (2 BR), $2,570 (3 BR) and $2,940 (4 BR) a month.

What is the Section 8 payment standard in 07203?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07203 that range is $1,854 to $2,266 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07203?

The FY2026 income limits of the Newark, NJ area apply: median family income $138,400, low-income (80%) limit $106,800 for a family of four.