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FY2017 Hypothetical Small Area FMRs For Warren County, NJ

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Warren County is part of the Allentown-Bethlehem-Easton, PA-NJ MSA.

Warren County, NJ Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
07820 $720 $900 $1,130 $1,450 $1,560 1.081
07821 $1,370 $1,490 $1,730 $2,220 $2,490 1.159
07823 $620 $770 $960 $1,230 $1,320 0.921
07825 $810 $1,010 $1,270 $1,630 $1,750 1.212
07832 $990 $1,230 $1,540 $1,970 $2,120 1.478
07833 $720 $900 $1,130 $1,450 $1,560 1.081
07838 $880 $1,090 $1,370 $1,750 $1,890 1.309
07840 $820 $980 $1,200 $1,540 $1,670 1.031
07846 $720 $900 $1,130 $1,450 $1,560 1.081
07860 $1,100 $1,180 $1,360 $1,750 $1,970 0.877
07863 $1,010 $1,250 $1,570 $2,010 $2,160 1.577
07865 $920 $1,080 $1,320 $1,690 $1,850 1.086
07874 $1,290 $1,370 $1,580 $2,030 $2,290 1.014
07880 $720 $900 $1,130 $1,450 $1,560 1.081
07882 $710 $890 $1,110 $1,420 $1,530 1.052
08802 $1,040 $1,150 $1,360 $1,750 $1,940 0.968
08804 $1,140 $1,270 $1,500 $1,920 $2,140 1.083
08808 $720 $900 $1,130 $1,450 $1,560 1.081
08827 $1,080 $1,160 $1,340 $1,720 $1,930 0.878
08865 $690 $850 $1,070 $1,370 $1,470 1.024
08886 $950 $1,180 $1,480 $1,900 $2,040 1.413

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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