FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR- 07432
0.72ratio
FMR$2,030
Market$2,830
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 07432
0.72ratio
FMR$2,330
Market$3,250
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR- 07432
0.69ratio
FMR$2,830
Market$4,100
vs market-$1,270
FMR is below market; voucher rent may lag private rents.
0.69
4 BR
4 BR- 07432
0.71ratio
FMR$3,570
Market$5,050
vs market-$1,480
FMR is below market; voucher rent may lag private rents.
0.71
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Midland Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Midland Park, NJ is $2,330 a month. That is down 4.1% from $2,430 in FY 2026. Midland Park 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 Midland Park is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Midland Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,860
$1,810
−2.7%
$1,629–$1,991
1BR
$2,120
$2,030
−4.2%
$1,827–$2,233
2BR
$2,430
$2,330
−4.1%
$2,097–$2,563
3BR
$2,960
$2,830
−4.4%
$2,547–$3,113
4BR
$3,780
$3,570
−5.6%
$3,213–$3,927
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Midland Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$2,030
$2,330
$2,830
$3,570
FY 2026
$1,860
$2,120
$2,430
$2,960
$3,780
FY 2025
$1,670
$1,940
$2,230
$2,740
$3,470
FY 2024
$1,610
$1,890
$2,170
$2,690
$3,380
FY 2023
$1,570
$1,880
$2,180
$2,710
$3,400
Questions about Midland Park, NJ rents
How much will Section 8 pay for a two-bedroom in Midland Park, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,330, that basic range is $2,097 to $2,563 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 Midland Park, NJ in?
Midland Park, 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 Midland Park, NJ for FY 2027?
The two-bedroom FMR fell 4.1%, from $2,430 in FY 2026 to $2,330 in FY 2027. Since FY 2023 it has risen 6.9%.
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