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NJ/Sussex County/Columbia

Columbia, NJ

CitySAFMR
Sussex County
Found 1 ZIP

City Median Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$2,010$1,790
1 BR$2,030$1,790
2 BR$2,520$2,090
3 BR$3,090$2,170
4 BR$3,660$2,270
5 BR$4,209Not available
6 BR$4,840Not available
7 BR$5,566Not available
8 BR$6,401Not available

Purchase Price Calculator

Maximum purchase price
$248,657

Cost breakdown

+Likely effective rent$2,090
HUD FMR$2,520
Market rentUsed$2,090
Est. payment standard (90%)$2,270
-Principal and interest-$1,257
Loan amount$198,925
Down payment$49,731
Rate6.50%
Term30 years
-Operating costs-$633
Property taxes-$249
Insurance-$175
Utilities$0
HOA$0
Management-$209
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,446(67.3% ROI)
Projected value
$267,776
Return breakdown
Property appreciation+$19,119
Loan principal paid down+$7,127
Rental cash flow+$7,200
5-year hold
+$57,385(115.4% ROI)
Projected value
$281,332
Return breakdown
Property appreciation+$32,676
Loan principal paid down+$12,709
Rental cash flow+$12,000
10-year hold
+$123,929(249.2% ROI)
Projected value
$318,302
Return breakdown
Property appreciation+$69,645
Loan principal paid down+$30,284
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.12
1 BR
1.13
2 BR
1.21
3 BR
1.42
4 BR
1.61
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Columbia, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Columbia, NJ is $2,520 a month. That is up 14.0% from $2,210 in FY 2026. Columbia is in the Newark, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,233. The median county two-bedroom FMR in New Jersey is $2,233, so Columbia is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Columbia, NJ
BedroomsFY 2027Change90–110% range
Studio$2,010+13.6%$1,809–$2,211
1BR$2,030+14.0%$1,827–$2,233
2BR$2,520+14.0%$2,268–$2,772
3BR$3,090+10.4%$2,781–$3,399
4BR$3,660+11.9%$3,294–$4,026

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Columbia, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,010$2,030$2,520$3,090$3,660
FY 2026$1,770$1,780$2,210$2,800$3,270
FY 2025$1,510$1,520$1,840$2,360$2,750
FY 2024$1,180$1,290$1,550$1,960$2,290
FY 2023$1,180$1,310$1,580$1,960$2,260

Questions about Columbia, NJ rents

How much will Section 8 pay for a two-bedroom in Columbia, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,520 it would be $2,268 to $2,772. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Columbia, NJ in?

Columbia, NJ is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.

How much did fair market rent change in Columbia, NJ for FY 2027?

The two-bedroom FMR rose 14.0%, from $2,210 in FY 2026 to $2,520 in FY 2027. Since FY 2023 it has risen 59.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set