Fair market rent in New Jersey: 2025 FMR by county and bedroom size

Last updated 2026-07-10

What is fair market rent and why does it matter in New Jersey?

Fair market rent (FMR) is HUD's estimate of what a modest, decent apartment costs in a given area, utilities included. The regulation at 24 CFR Part 888 pins it down: the rent at roughly the 40th percentile of gross rents for recent movers into standard-quality units in a metropolitan area. So FMR is not the average, not the median, and definitely not the cheapest thing you can find. It's meant to describe what a voucher household can realistically rent across about 40 percent of the unsubsidized market. ^[1]

For Housing Choice Voucher holders, FMR matters because it anchors the payment standard your local public housing authority uses. A PHA sets its payment standard somewhere between 90% and 110% of HUD's published FMR under normal rules. PHAs can also ask HUD for exception payment standards above 110% in tight markets, and several New Jersey agencies have done exactly that. ^[2]

New Jersey is one of the priciest rental markets in the country. The state spreads across several HUD metro FMR areas, from the high-cost New York suburbs in the northeast to the more moderate Atlantic City and Vineland areas in the south. FMRs swing hard across that geography, sometimes by $800 or more for the same bedroom size between counties that share a border.

If you hold a voucher, FMR tells you whether your PHA has set a payment standard that can actually get you housed. If you're a landlord weighing whether to accept vouchers, FMR tells you whether the program can cover market rents where you own. In tight markets like Bergen or Morris County, the honest answer is sometimes no, unless the PHA carries an exception payment standard.

What are the 2025 fair market rents for New Jersey by county and bedroom size?

HUD publishes FY2025 FMRs (effective October 1, 2024) by metropolitan and non-metropolitan area, and New Jersey counties split across several of them. The table below shows the main FMR areas covering the state and the gross rent for each bedroom size. ^[3]

FMR Area	County/Counties	Studio	1BR	2BR	3BR	4BR
Bergen-Passaic, NJ HUD Metro	Bergen, Passaic	$1,771	$2,043	$2,554	$3,253	$3,652
Monmouth-Ocean, NJ HUD Metro	Monmouth, Ocean	$1,594	$1,920	$2,409	$3,001	$3,445
Newark, NJ-PA HUD Metro	Essex, Morris, Union, Sussex, Hunterdon	$1,680	$1,960	$2,503	$3,206	$3,577
Edison, NJ HUD Metro	Middlesex, Somerset	$1,733	$1,986	$2,492	$3,187	$3,555
Trenton, NJ HUD Metro	Mercer	$1,378	$1,591	$1,991	$2,561	$2,924
Vineland-Bridgeton, NJ HUD Metro	Cumberland	$1,344	$1,510	$1,866	$2,414	$2,865
Atlantic City-Hammonton, NJ HUD Metro	Atlantic	$1,376	$1,558	$1,940	$2,505	$2,911
Ocean City, NJ HUD Metro	Cape May	$1,492	$1,698	$2,127	$2,740	$3,050
Camden, NJ HUD Metro	Camden, Burlington, Gloucester, Salem	$1,398	$1,600	$2,003	$2,588	$2,982
Warren County, NJ	Warren	$1,378	$1,576	$1,971	$2,534	$2,843

These are gross rent figures, so they bake in an estimated utility allowance. Your PHA may use a different utility allowance than HUD's estimate. Confirm the actual figure with your housing authority before you count on it. ^[3]

Numbers move from one fiscal year to the next. HUD usually posts proposed FMRs in late summer and finalizes them by October 1. Pulling the current number off HUD's FMR page before you sign a lease is the only way to be sure. You can also use a fair market rent calculator to look up your area without wrestling HUD's raw data files.

One wrinkle worth knowing: HUD's FMR areas don't line up cleanly with county lines. Some metros cross state borders (the Newark metro technically reaches into Pennsylvania), and a county can land in an FMR area whose name doesn't match. If a county isn't in the table exactly as you'd expect, check HUD's FMR area crosswalk at huduser.gov.

How does HUD calculate fair market rent?

HUD builds FMRs from American Community Survey (ACS) 5-year microdata, then applies a trend factor to close the gap between when the ACS data was collected and when the FMR takes effect. Starting with FY2025, HUD folded in more current rental data from private sources plus the Consumer Price Index rent component from the Bureau of Labor Statistics. The point was to fix the lag that made FMRs feel stale in fast-moving markets. ^[1]

The 40th-percentile standard covers most areas. HUD tags some markets as "50th percentile" areas where rents run tight and voucher holders were having real trouble finding units. No New Jersey metro carries a 50th-percentile designation for FY2025, though several NJ PHAs use exception payment standards that reach a similar result. ^[3]

HUD also runs small area fair market rents (SAFMRs), which set FMRs by ZIP code instead of by metro. Several New Jersey PHAs sit in metros that fall under the mandatory SAFMR rule. The Newark and Edison metros both qualify, because their metro FMRs are high enough and they meet HUD's other criteria. Under SAFMRs, the payment standard in a cheaper ZIP code can sit well below the metro-wide FMR, while a ZIP code in a high-demand neighborhood can sit well above it. That difference is huge if you're trying to use a voucher in one specific neighborhood. ^[4]

HUD publishes a final FMR rule every year in the Federal Register. The FY2025 rule ran at 89 Fed. Reg. 66730 on August 16, 2024. Anyone who wants the legal detail can pull that document straight from the Federal Register. ^[9]

What is the payment standard and how is it different from FMR?

People swap "FMR" and "payment standard" in casual talk, but they aren't the same, and the gap costs real money. FMR is HUD's published estimate. The payment standard is the number your specific PHA uses to calculate how much subsidy it will actually pay. ^[2]

Under 24 CFR 982.503, a PHA sets its basic payment standard between 90% and 110% of the published FMR for each bedroom size. If the 2BR FMR in your county is $2,003, your PHA can legally land its payment standard anywhere from $1,803 to $2,203. A PHA sitting at 90% when market rents run above FMR leaves voucher holders stuck. A PHA at 110% gives tenants more room to search. ^[2]

Some New Jersey PHAs have won exception payment standards above 110% from HUD because local rents blew past published FMRs. Exception standards need HUD approval and show up in the PHA's administrative plan. The Newark Housing Authority, for one, has historically run payment standards well above 100% of metro FMR for this reason.

Here's the math in practice. Take the lower of the payment standard or the actual rent plus utilities. Subtract 30% of the household's adjusted monthly income. What's left is what the PHA pays the landlord. The tenant covers the rest, which has to be at least the PHA's minimum rent (usually $25 to $50) and can't top 40% of adjusted monthly income at initial lease-up. ^[2]

If you're a landlord sizing up whether a voucher can cover your unit, the payment standard is the number to ask your PHA for directly. It lives in their administrative plan, which every PHA has to make public. Searching "[PHA name] administrative plan" usually gets you there.

Which New Jersey counties have the highest and lowest FMRs?

Bergen and Passaic counties post the highest FMRs in the state, year after year, pushed up by New York City next door. The Bergen-Passaic HUD metro carried a 2BR FMR of $2,554 for FY2025, one of the most expensive metro FMR areas in the whole country. A 4-bedroom there runs a gross FMR of $3,652. ^[3]

Essex, Morris, Union, and Sussex (Newark metro) plus Middlesex and Somerset (Edison metro) all clear $2,400 for a 2-bedroom.

The cheapest FMRs in the state sit in Cumberland County (Vineland-Bridgeton metro), where a 2BR FMR is $1,866, and Warren County at $1,971. Even those numbers beat national averages. New Jersey's lowest county FMR still tops the 2BR FMR in most Midwestern and Southern states.

For comparison, the New Orleans metro (Orleans Parish) had a 2BR FMR near $1,327 for FY2025, which shows how squeezed the affordable end of New Jersey's market looks by national standards. That gap shapes portability: a household porting a voucher from New Orleans to Bergen County would feel payment standard whiplash. ^[3][12]

For tenants, the highest-FMR county isn't automatically the best place to use a voucher. High FMRs paired with tight vacancy mean fierce competition and landlords who don't need the program. Browse homes for rent with section 8 to see what's actually listed in each area.

For landlords, higher FMRs usually mean the program can cover more of your gross rent, which makes participation pencil out. In a county like Bergen, where market rents run sky-high, even a 100% payment standard can still leave a gap between what the program pays and what an unsubsidized tenant would.

How do small area FMRs work in New Jersey?

Small area fair market rents (SAFMRs) are ZIP-code-level FMRs that HUD has required in certain high-cost, high-opportunity metros since 2018. The idea is to open up lower-poverty neighborhoods to voucher holders by tying payment standards to actual rents in each ZIP code instead of one metro-wide average. ^[4]

HUD's rule at 24 CFR 888.113 mandates SAFMRs in metros that meet all three of its criteria: a poverty concentration rate at or above the national average, a voucher success rate below a set threshold, and a metro FMR above HUD's cutoff. New Jersey metros under the mandatory SAFMR rule for FY2025 include the Newark, NJ-PA metro and the Edison, NJ metro. Bergen-Passaic, Monmouth-Ocean, and other NJ metros fall under the rule too. ^[4]

What that means on the ground: a voucher holder in the Newark PHA's jurisdiction who wants a cheaper ZIP code on the outer edge of the metro gets a lower payment standard than the metro average. Someone chasing a pricier ZIP code closer to the city, or in a wealthier suburb, gets a higher one. The spread inside a single metro can top $500 a month for the same bedroom size.

PHAs running SAFMRs publish their ZIP-code payment standards. If you're a tenant deciding which neighborhood to chase, ask your caseworker for the SAFMR payment standard for that exact ZIP code before you tour a single apartment. Get this number wrong and you'll fall for a unit your voucher can't touch.

How often does HUD update FMRs, and what happens when they change?

HUD updates FMRs every fiscal year. The federal year runs October 1 through September 30, so FY2025 FMRs took effect October 1, 2024. HUD posts proposed FMRs in the Federal Register, takes public comment, then publishes final FMRs before the October 1 date. A PHA can ask for a reevaluation if it thinks the published FMR is wrong for its market. ^[1]

When FMRs go up, PHAs usually (not always) nudge their payment standards up too. No law forces a PHA to raise its payment standard every time HUD raises FMR, but most do, because holding a payment standard at 90% of last year's FMR after rents have climbed makes the voucher close to useless. PHAs that fall behind the market watch landlord participation drop and voucher turnover climb.

When FMRs fall (possible after a cooling market, though rare in NJ), PHAs generally hold existing leases harmless until renewal. At renewal, a household can owe a bigger share if the payment standard drops below the lease rent.

For tenants with active vouchers, watch the FMR announcements each August or September when HUD releases proposed figures. If your area's FMR is jumping, that's a bargaining chip when you ask your PHA to adjust your payment standard before your next annual recertification. For landlords with HUD-assisted leases, a rent increase request runs through 24 CFR 982.503 and gets reviewed by the PHA against the payment standard in effect at lease renewal, not the one from original signing.

Can a tenant rent an apartment above FMR in New Jersey?

Yes, with limits. Nothing in the program stops a tenant from renting a unit where the gross rent (rent plus utilities) tops the applicable payment standard. The tenant just pays the difference out of pocket, on top of the usual 30%-of-income share. ^[2]

But there's a hard ceiling at initial lease-up: the tenant's total rent contribution can't exceed 40% of adjusted monthly income when the lease is signed. That's a program rule under 24 CFR 982.305. So if your payment standard is $2,000 and the unit rents for $2,400, you cover the $400 gap. If that gap pushes your total housing cost past 40% of adjusted income, the PHA won't approve the unit. ^[2]

The 40% cap only applies at initial lease-up. After the first lease, if rents climb and your income stays flat, your share can pass 40% and the program keeps running. It's one of the stranger corners of the rules.

For tenants hunting in high-cost NJ counties, the real test is whether the unit is "rent reasonable" under HUD rules. PHAs run a rent reasonableness check, comparing the proposed rent to unassisted units of similar size, age, and location. Willingness to overpay doesn't matter here. A unit priced at $3,500 in a neighborhood where comparable unassisted units go for $2,800 fails rent reasonableness no matter what the tenant agrees to pay. ^[11]

If you're searching for low income houses for rent in New Jersey, filtering to units at or below the payment standard will save you hours.

How do New Jersey PHAs set payment standards in practice?

New Jersey has more than 100 public housing authorities, from big agencies like the Newark Housing Authority and Jersey City Housing Authority down to tiny municipal offices covering a single town. Each PHA sets its own payment standards inside HUD's rules, and the gap between neighboring PHAs can be big. ^[5]

The New Jersey Department of Community Affairs (NJDCA) runs the state's Section 8 program through its Division of Housing and Community Resources. NJDCA operates a statewide voucher program alongside the local PHAs, and its payment standards can differ from a local PHA's even within the same county. If your voucher comes off an NJDCA waitlist rather than a local PHA waitlist, NJDCA's payment standard applies, not the local one. ^[5]

PHAs publish administrative plans that include payment standard schedules by bedroom size. There's no single national database that pulls these together, but most PHA websites post their plans as PDFs. If you can't find yours, call the PHA and ask for the current payment standard for your bedroom size.

VoucherReady's free tools let tenants look up payment standards by PHA without calling each office, which can save hours when you're comparing options across county lines.

For landlords new to the program, the payment standard decides whether the program can pay your unit's rent. If your asking rent plus the PHA's utility allowance sits at or below the payment standard, and the unit passes inspection, the subsidy covers the gap between the tenant's share and your rent. Browsing section 8 rent house listings gives landlords a baseline for what the program supports in their ZIP code before they spend time getting a unit listed.

What does FMR mean for landlords considering accepting Section 8 in New Jersey?

For a landlord, FMR is a signal, not a promise. It shows the ballpark of what the program can pay, but your PHA's actual payment standard is the binding number. Say you own a 2-bedroom in Camden County and the 2BR payment standard at the Camden County Housing Authority is $1,900. You can charge up to $1,900 and have the whole thing covered between the subsidy and the tenant's income share. If your market rent is $2,200, the deal can still work if the tenant's income contribution covers the gap and the rent clears reasonableness review. ^[2]

Inspections are a real factor. HUD Housing Quality Standards (HQS) under 24 CFR 982.401 set the minimum physical bar a unit has to clear before a voucher gets approved and at each annual inspection. New Jersey PHAs are usually thorough about it. Landlords with older stock in Newark, Trenton, or Camden should budget for repairs before expecting fast approval. ^[6]

The upside is reliable rent for the subsidy portion. If the PHA pays $1,600 of a $2,000 rent, that $1,600 hits your account by direct deposit every month whether or not the tenant pays their share on time. Plenty of landlords find that predictability worth the paperwork. Read up on apts that take section 8 to see what landlords in your market are doing.

New Jersey has source-of-income (SOI) protections under the New Jersey Law Against Discrimination (LAD). NJ landlords can't refuse a tenant solely because they hold a Section 8 voucher. Refusing to touch the program at all, rather than turning down a specific tenant, is a legal gray area, but the NJ Division on Civil Rights reads the LAD broadly. If you own rental property in NJ, read the Division on Civil Rights guidance before you set any blanket policy. ^[7]

How to find rental listings that accept vouchers in New Jersey

Finding a unit that takes vouchers in New Jersey is genuinely hard, especially in the high-FMR counties up north. Even where FMRs are high enough that the program could pay market rents, landlord participation stays thin, thanks to inspection requirements, paperwork, and plain misconceptions about the program. The state's SOI protections help at the edges but don't force landlords into the program the way some advocates want. ^[7]

The search moves that actually work for NJ voucher holders: call property management companies that already run subsidized or income-restricted housing (they know the program and often keep a pipeline of voucher-ready units), check HUD's housing locator at HousingLocator.org, and use listing sites that filter for voucher-accepting units. You can also browse go section 8 houses for rent listings or hud houses for rent for leads.

Timing counts. NJ PHAs issue vouchers with search periods, usually 60 to 120 days, though many have been extending them given how brutal the market is. If your search period is running out with no unit, ask your PHA in writing for an extension. They can grant them, and often will, if you show documented search efforts.

Some tenants get somewhere by contacting low income house for rent listings even when the ad says nothing about vouchers, then asking the landlord straight up whether they'd work with the program. A landlord who's never considered it may say yes, especially if the market's cooling and their unit's been empty.

The VoucherReady landlord kit includes a one-page explainer on Section 8 basics that voucher holders hand to hesitant landlords. It clears the unfamiliarity barrier without making the landlord go research the program alone.

How does New Jersey's FMR compare to neighboring states and national benchmarks?

New Jersey ranks among the five most expensive states in the country for HUD FMR purposes. Its 2BR FMR runs from $1,866 in Cumberland County to $2,554 in Bergen-Passaic for FY2025. The national median 2BR FMR for FY2025 sits near $1,270, based on HUD's own national data. Pennsylvania's Philadelphia metro, right across the Delaware from Camden County, had a 2BR FMR around $1,596. The New York City metro posts the highest FMRs in the country, and the NJ counties inside that metro feel the pressure directly. ^[3]

The New Orleans comparison earns another mention here: a 2BR FMR near $1,327 in the New Orleans metro puts that market at roughly half the cost of Bergen-Passaic. A household porting from New Orleans to New Jersey would need income well above 30% of the Bergen-Passaic area median, or a PHA with exception payment standards, to make the move work on paper. ^[12]

Connecticut, another high-cost neighbor, has 2BR FMRs in its New York-adjacent counties (Fairfield County, say) in the $2,200 to $2,400 range, right around NJ's mid-tier counties.

These cross-state numbers drive portability decisions. If you hold a voucher from a low-cost state and want to port it to New Jersey, your receiving NJ PHA absorbs the voucher and issues its own payment standard, not the one from your original PHA. The higher NJ payment standard can help you if you're moving up in cost. But if your household income is set to a lower rent burden, the 30%-of-income contribution in NJ still applies, and your out-of-pocket cost climbs. ^[8]

Frequently asked questions

What is the 2025 fair market rent for a 2-bedroom apartment in New Jersey?

For FY2025, New Jersey 2-bedroom FMRs run from $1,866 in Cumberland County (Vineland-Bridgeton metro) to $2,554 in Bergen-Passaic. Most northern and central NJ counties land in the $2,400 to $2,550 range. Southern counties like Atlantic, Cape May, and Camden fall between $1,940 and $2,127. These are gross rents including an estimated utility allowance. Check HUD's FMR page at huduser.gov for your specific metro area.

Does my PHA in New Jersey have to use HUD's FMR as its payment standard?

No. Your PHA sets its own payment standard between 90% and 110% of HUD's FMR for each bedroom size. With HUD approval, a PHA can exceed 110% as an exception payment standard. So two counties with the same FMR can carry very different payment standards depending on each PHA's local policy. Always ask your specific housing authority for its current payment standard schedule.

Which New Jersey counties have the highest fair market rents?

Bergen and Passaic counties (Bergen-Passaic HUD metro) have the highest FMRs in the state for FY2025, with a 2BR gross FMR of $2,554 and a 4BR of $3,652. Essex, Morris, Union, Middlesex, and Somerset counties rank close behind, all above $2,490 for a 2BR. These counties sit in the New York metro's orbit, which drives costs up sharply.

What are small area fair market rents and do they apply in New Jersey?

Small area FMRs (SAFMRs) set payment standards by ZIP code instead of by metro. HUD requires them in high-cost metros that meet specific criteria. Several New Jersey metros, including Newark and Edison, fall under the mandatory SAFMR rule. That means payment standards vary by ZIP code within those metros, sometimes by hundreds of dollars a month for the same bedroom size.

Can a New Jersey landlord refuse to rent to someone with a Section 8 voucher?

Under the New Jersey Law Against Discrimination (LAD), landlords can't discriminate based on lawful source of income, which includes Section 8 vouchers. The NJ Division on Civil Rights enforces it. A landlord who refuses to rent solely because of a voucher may face a civil rights complaint. This doesn't force every unit into the program, but blanket refusals based on voucher status are legally risky in NJ.

How do I look up the payment standard for my specific NJ PHA?

Fastest route: call your PHA or check its website for the current administrative plan, which has to include payment standard schedules. New Jersey DCA also posts its statewide payment standards online. If you're comparing multiple PHAs, a tool like VoucherReady's free lookup can pull these together without calling each office. HUD's list of NJ PHAs lives at hud.gov.

What happens if the rent on my apartment is higher than the payment standard?

You can still rent it if you can cover the difference out of pocket. At initial lease-up, your total rent contribution (subsidized amount plus your own share) can't push your housing costs past 40% of adjusted monthly income. After the first lease, there's no hard cap, but your rent burden can grow if rents rise faster than your payment standard. The PHA also has to approve the rent as reasonable against similar unassisted units nearby.

How often does HUD update fair market rents in New Jersey?

HUD updates FMRs every federal fiscal year, with new figures effective October 1. Proposed FMRs go out for comment, usually in August, and get finalized before October 1. New Jersey's FMRs have mostly climbed each year over the past decade as the rental market tightened, though the pace varies by metro. Check HUD's FMR page each September for current figures.

Is New Jersey's FMR based on the average rent in a county?

No. FMR sits at the 40th percentile of gross rents for recent movers into standard-quality units, per 24 CFR Part 888. So 40% of recently rented units in the metro land at or below the FMR. It's not the average (mean) or the median. The 40th-percentile standard aims at modest-quality units and leaves luxury rentals out of the calculation.

Can I port my voucher from another state into New Jersey?

Yes. The Housing Choice Voucher program allows portability between PHAs under 24 CFR 982.353. If you hold a voucher from another state and have met your initial lease obligations, you can port to any NJ PHA that accepts incoming ports. The receiving NJ PHA issues its own payment standard, which in most NJ areas beats what you had in a lower-cost state. Contact your current PHA to start the portability paperwork.

Does HUD publish fair market rents for individual cities in New Jersey, or just metro areas?

HUD publishes FMRs at the metropolitan statistical area or non-metropolitan county level, not by city or municipality, unless the metro falls under small area FMR rules. Under mandatory SAFMRs, HUD does publish ZIP-code-level data for metros like Newark and Edison. Cities like Newark, Jersey City, or Trenton don't get separate FMRs outside the SAFMR framework.

How does New Jersey's FMR compare to New York City's?

New York City's FMRs rank among the highest in the country. The NYC metro 2BR FMR for FY2025 ran roughly $2,600 to $2,800 depending on the exact sub-area. Bergen-Passaic and Newark metro FMRs in NJ, both pulled up by proximity to NYC, come in a bit below but in the same range. Southern NJ counties run much lower, closer to mid-Atlantic cities than to NYC.

What NJ programs supplement the Housing Choice Voucher if the FMR doesn't cover my rent?

New Jersey has several supplemental programs. The State Rental Assistance Program (SRAP) provides extra subsidies for eligible low-income households. Some county and municipal programs offer emergency rental assistance. NJ's Homelessness Prevention Program can help in specific cases. Contact NJDCA's Division of Housing and Community Resources or 211 NJ for a current list of programs in your county that might bridge the gap between your payment standard and actual rent.

Are there any HUD exception payment standards in New Jersey above 110% of FMR?

Yes. Some New Jersey PHAs have won HUD approval for exception payment standards above 110% of FMR, mainly where market rents keep outrunning published FMRs. Exception standards need HUD Regional Office approval and have to be documented in the PHA's administrative plan. The Newark Housing Authority is one NJ PHA that has historically run exception payment standards. Check with your specific PHA to see if an exception applies where you're searching.

Sources

1. HUD, FMR Overview and Methodology, huduser.gov: FMR is set at the 40th percentile of gross rents for recent movers into standard-quality units, per 24 CFR Part 888; HUD uses ACS microdata with a trend factor
2. HUD, 24 CFR Part 982 Housing Choice Voucher Program Regulations: PHAs must set payment standards between 90% and 110% of FMR (982.503); tenant share cannot exceed 40% of adjusted monthly income at initial lease-up (982.305)
3. HUD FY2025 Fair Market Rents, huduser.gov: FY2025 New Jersey FMRs by metro area and bedroom size, effective October 1, 2024
4. HUD, Small Area Fair Market Rents, 24 CFR 888.113, huduser.gov: HUD requires mandatory SAFMRs in qualifying high-cost metros including Newark NJ-PA and Edison NJ metro areas
5. New Jersey Department of Community Affairs, Division of Housing and Community Resources: NJDCA administers the statewide Section 8 program through its Division of Housing and Community Resources, with its own payment standards separate from local PHAs
6. HUD, Housing Quality Standards, 24 CFR 982.401: HQS under 24 CFR 982.401 set minimum physical standards for voucher-assisted units, required before initial approval and at each annual inspection
7. New Jersey Division on Civil Rights, Source of Income Protections under the LAD: New Jersey Law Against Discrimination prohibits landlords from refusing tenants based on lawful source of income, including Section 8 vouchers
8. HUD, Housing Choice Voucher Portability, 24 CFR 982.353: Voucher holders who have met initial lease obligations may port their voucher to any other PHA jurisdiction; receiving PHA applies its own payment standard
9. HUD FY2025 FMR Final Rule, 89 Fed. Reg. 66730 (August 16, 2024): FY2025 FMR final rule published August 16, 2024; effective October 1, 2024
10. HUD, Rent Reasonableness Requirements, 24 CFR 982.507: PHAs must determine rent reasonableness by comparing proposed rent to unassisted comparable units; unreasonable rents cannot be approved even if below the payment standard
11. HUD User, FY2025 FMR Documentation System, huduser.gov: National data confirms New Orleans (Orleans Parish) 2BR FMR is substantially below New Jersey metro FMRs for FY2025