Rent by ZIP · Somerset County
Rent in Peapack, NJ 07977
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,750 (+8.7% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,050 | $1,840 | +11.4% | $1,845–2,255 | – |
| 1 bedroom | $2,200 | $2,010 | +9.5% | $1,980–2,420 | – |
| 2 bedrooms | $2,750 | $2,530 | +8.7% | $2,475–3,025 | – |
| 3 bedrooms | $3,280 | $3,030 | +8.3% | $2,952–3,608 | – |
| 4 bedrooms | $3,680 | $3,350 | +9.9% | $3,312–4,048 | – |
Small Area FMRs for the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area, 2 bedrooms: $2,623.
What renters pay in 07977
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 07976 | New Vernon | $2,550 | – |
| 07974 | New Providence | $2,620 | $2,230 |
| 07980 | Stirling | $2,160 | $1,236 |
| 07981 | Whippany | $3,350 | $3,036 |
| 07960 | Morristown | $3,340 | $2,609 |
| 07950 | Morris Plains | $3,350 | $2,746 |
Fair Market Rents across Somerset County, NJ · All NJ counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.