08808 Broadway, NJ Fair Market Rent

What the FMR for ZIP 08808 actually means

HUD publishes ZIP-level Small Area FMRs in designated metros. Our load has no SAFMR row for ZIP 08808, so we show the FMR-area schedule for Warren: $1,527 1-bedroom, studio $1,517, 2-bedroom $1,895, 3-bedroom $2,404, 4-bedroom $2,800. Other ZIPs in the same FMR area share this schedule until a SAFMR row is available. These are 40th-percentile gross rents, not live asking rents.

Without SAFMR for this ZIP, every ZIP mapped to Warren's FMR area shares the same baseline figures even when street-level market rents differ. Against the national benchmark the 1-bedroom FMR-area figure is 59% above the US average of $959, and 13% below the NJ state average of $1,759. Year-over-year, the 1-bedroom moved up9.7% from FY 2025 ($1,392) to FY 2026.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $1,527, that implies a household income of $61,080 per year (about $5,090/month) to avoid being cost-burdened, a 2-bedroom at $1,895 lifts that threshold higher still. ZIP 08808 has a population of 86 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).