FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 07650
0.81ratio
FMR$3,070
Market$3,810
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 07650
0.79ratio
FMR$3,880
Market$4,920
vs market-$1,040
FMR is below market; voucher rent may lag private rents.
0.79
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
--
Palisades Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Palisades Park, NJ is $2,530 a month. That is down 2.3% from $2,590 in FY 2026. Palisades 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 Palisades Park is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Palisades Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,980
$1,960
−1.0%
$1,764–$2,156
1BR
$2,260
$2,200
−2.7%
$1,980–$2,420
2BR
$2,590
$2,530
−2.3%
$2,277–$2,783
3BR
$3,160
$3,070
−2.8%
$2,763–$3,377
4BR
$4,030
$3,880
−3.7%
$3,492–$4,268
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Palisades Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,960
$2,200
$2,530
$3,070
$3,880
FY 2026
$1,980
$2,260
$2,590
$3,160
$4,030
FY 2025
$1,740
$2,020
$2,320
$2,860
$3,610
FY 2024
$1,550
$1,820
$2,090
$2,590
$3,250
FY 2023
$1,440
$1,710
$1,990
$2,470
$3,110
Questions about Palisades Park, NJ rents
How much will Section 8 pay for a two-bedroom in Palisades Park, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,530, that basic range is $2,277 to $2,783 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 Palisades Park, NJ in?
Palisades 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 Palisades Park, NJ for FY 2027?
The two-bedroom FMR fell 2.3%, from $2,590 in FY 2026 to $2,530 in FY 2027. Since FY 2023 it has risen 27.1%.
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