FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR- 07656
0.86ratio
FMR$2,290
Market$2,660
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 07656
0.72ratio
FMR$2,630
Market$3,640
vs market-$1,010
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR- 07656
0.78ratio
FMR$3,190
Market$4,100
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR- 07656
0.80ratio
FMR$4,030
Market$5,050
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.80
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
--
Park Ridge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Park Ridge, NJ is $2,630 a month. That is unchanged from FY 2026. Park Ridge 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 Park Ridge is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Park Ridge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,010
$2,040
+1.5%
$1,836–$2,244
1BR
$2,290
$2,290
0.0%
$2,061–$2,519
2BR
$2,630
$2,630
0.0%
$2,367–$2,893
3BR
$3,210
$3,190
−0.6%
$2,871–$3,509
4BR
$4,090
$4,030
−1.5%
$3,627–$4,433
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Park Ridge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,040
$2,290
$2,630
$3,190
$4,030
FY 2026
$2,010
$2,290
$2,630
$3,210
$4,090
FY 2025
$1,720
$2,000
$2,290
$2,820
$3,560
FY 2024
$1,550
$1,820
$2,090
$2,590
$3,250
FY 2023
$1,410
$1,690
$1,960
$2,430
$3,060
Questions about Park Ridge, NJ rents
How much will Section 8 pay for a two-bedroom in Park Ridge, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,630, that basic range is $2,367 to $2,893 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 Park Ridge, NJ in?
Park Ridge, 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 Park Ridge, NJ for FY 2027?
The two-bedroom FMR was unchanged at $2,630 in FY 2027. Since FY 2023 it has risen 34.2%.
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