FY2027 Small Area FMR · Belle Mead, NJ

ZIP 08502 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08502 (Belle Mead, NJ) is $3,370 a month, up 2.4% from FY2026. That is 28% above the Middlesex-Somerset-Hunterdon, NJ area-wide FMR of $2,623.

2-bedroom SAFMR$3,370per month ▲ 2.4%

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

Rank in the area4thof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,033

2 BR Small Area FMR$3,370

110% of SAFMR$3,707

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

Studio$2,510▲ 5.0%

1 BR$2,700▲ 3.1%

2 BR$3,370▲ 2.4%

3 BR$4,020▲ 2.0%

4 BR$4,510▲ 3.4%

FY2027 FY2026

Where 08502 sits in the Middlesex-Somerset-Hunterdon, NJ area

Of the 114 ZIP codes HUD lists for the area, 08502 has the 4th 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 $3,370 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	$2,510	$2,259 – $2,761	$1,953	$2,390
1 bedroom	$2,700	$2,430 – $2,970	$2,103	$2,620
2 bedrooms	$3,370	$3,033 – $3,707	$2,623	$3,290
3 bedrooms	$4,020	$3,618 – $4,422	$3,125	$3,940
4 bedrooms	$4,510	$4,059 – $4,961	$3,508	$4,360

A household renting a two-bedroom home at the Small Area FMR of $3,370 needs about $134,800 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 08502 lies mainly in Somerset 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
08553	Rocky Hill	3.4 mi	$2,390
08844	Hillsborough	3.5 mi	$3,080
08558	Skillman	3.6 mi	$2,620
08528	Kingston	4.6 mi	$2,890
08823	Franklin Park	4.7 mi	$3,180
08821	Flagtown	5.2 mi	$3,080

Questions

What is the Fair Market Rent for ZIP code 08502?

HUD's FY2027 Small Area Fair Market Rents for 08502 are $2,510 (studio), $2,700 (1 BR), $3,370 (2 BR), $4,020 (3 BR) and $4,510 (4 BR) a month.

What is the Section 8 payment standard in 08502?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08502 that range is $3,033 to $3,707 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08502?

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.