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NJ/Bergen County/Little Ferry

Little Ferry, NJ

CitySAFMR
Bergen County
Found 1 ZIP

City Median Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,940
1 BR$1,980$1,990
2 BR$2,270$2,500
3 BR$2,760$3,040
4 BR$3,480$3,810
5 BR$4,002Not available
6 BR$4,602Not available
7 BR$5,293Not available
8 BR$6,087Not available

Purchase Price Calculator

Maximum purchase price
$309,582

Cost breakdown

+Likely effective rent$2,500
HUD FMR$2,270
Market rent$3,240
Est. payment standard (110%)Used$2,500
-Principal and interest-$1,565
Loan amount$247,666
Down payment$61,916
Rate6.50%
Term30 years
-Operating costs-$735
Property taxes-$310
Insurance-$175
Utilities$0
HOA$0
Management-$250
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,877(64.4% ROI)
Projected value
$333,386
Return breakdown
Property appreciation+$23,804
Loan principal paid down+$8,873
Rental cash flow+$7,200
5-year hold
+$68,505(110.6% ROI)
Projected value
$350,264
Return breakdown
Property appreciation+$40,682
Loan principal paid down+$15,823
Rental cash flow+$12,000
10-year hold
+$148,414(239.7% ROI)
Projected value
$396,292
Return breakdown
Property appreciation+$86,709
Loan principal paid down+$37,704
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.62
1 BR
0.99
2 BR
0.70
3 BR
0.77
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Little Ferry, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Little Ferry, NJ is $2,270 a month. That is down 0.4% from $2,280 in FY 2026. Little Ferry is in the Bergen-Passaic, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Little Ferry is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Little Ferry, NJ
BedroomsFY 2027Change90–110% range
Studio$1,760+1.1%$1,584–$1,936
1BR$1,980−0.5%$1,782–$2,178
2BR$2,270−0.4%$2,043–$2,497
3BR$2,760−0.7%$2,484–$3,036
4BR$3,480−2.0%$3,132–$3,828

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Little Ferry, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,980$2,270$2,760$3,480
FY 2026$1,740$1,990$2,280$2,780$3,550
FY 2025$1,500$1,740$2,000$2,460$3,110
FY 2024$1,320$1,550$1,780$2,200$2,770
FY 2023$1,250$1,490$1,730$2,150$2,700

Questions about Little Ferry, NJ rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,270, that basic range is $2,043 to $2,497 a month. 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 Little Ferry, NJ in?

Little Ferry, NJ is in the Bergen-Passaic, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR fell 0.4%, from $2,280 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 31.2%.

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