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NJ/Bergen County/Northvale

Northvale, NJ

CitySAFMR
Bergen County
Found 1 ZIP

City Median Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,920$2,110
1 BR$2,150$2,370
2 BR$2,470$2,720
3 BR$3,000$3,300
4 BR$3,780$4,160
5 BR$4,347Not available
6 BR$4,999Not available
7 BR$5,749Not available
8 BR$6,611Not available

Purchase Price Calculator

Maximum purchase price
$342,274

Cost breakdown

+Likely effective rent$2,720
HUD FMR$2,470
Market rent$4,120
Est. payment standard (110%)Used$2,720
-Principal and interest-$1,731
Loan amount$273,820
Down payment$68,455
Rate6.50%
Term30 years
-Operating costs-$789
Property taxes-$342
Insurance-$175
Utilities$0
HOA$0
Management-$272
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,328(63.3% ROI)
Projected value
$368,592
Return breakdown
Property appreciation+$26,318
Loan principal paid down+$9,810
Rental cash flow+$7,200
5-year hold
+$74,472(108.8% ROI)
Projected value
$387,252
Return breakdown
Property appreciation+$44,978
Loan principal paid down+$17,494
Rental cash flow+$12,000
10-year hold
+$161,552(236.0% ROI)
Projected value
$438,140
Return breakdown
Property appreciation+$95,866
Loan principal paid down+$41,686
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.43
1 BR
0.80
2 BR
0.60
3 BR
0.65
4 BR
0.66
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Northvale, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Northvale, NJ is $2,470 a month. That is down 1.2% from $2,500 in FY 2026. Northvale 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 Northvale is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Northvale, NJ
BedroomsFY 2027Change90–110% range
Studio$1,920+0.5%$1,728–$2,112
1BR$2,150−1.4%$1,935–$2,365
2BR$2,470−1.2%$2,223–$2,717
3BR$3,000−1.6%$2,700–$3,300
4BR$3,780−2.8%$3,402–$4,158

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Northvale, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,920$2,150$2,470$3,000$3,780
FY 2026$1,910$2,180$2,500$3,050$3,890
FY 2025$1,610$1,870$2,150$2,650$3,350
FY 2024$1,490$1,750$2,010$2,490$3,130
FY 2023$1,390$1,660$1,930$2,400$3,010

Questions about Northvale, NJ rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,470, that basic range is $2,223 to $2,717 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 Northvale, NJ in?

Northvale, 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 Northvale, NJ for FY 2027?

The two-bedroom FMR fell 1.2%, from $2,500 in FY 2026 to $2,470 in FY 2027. Since FY 2023 it has risen 28.0%.

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