FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR- 07055
0.82ratio
FMR$1,670
Market$2,030
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 07055
0.81ratio
FMR$1,920
Market$2,360
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 07055
0.88ratio
FMR$2,330
Market$2,660
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 07055
1.02ratio
FMR$2,940
Market$2,890
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
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
--
Passaic, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Passaic, NJ is $1,920 a month. That is up 1.6% from $1,890 in FY 2026. Passaic 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 Passaic is 14% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Passaic, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,490
+2.8%
$1,341–$1,639
1BR
$1,650
$1,670
+1.2%
$1,503–$1,837
2BR
$1,890
$1,920
+1.6%
$1,728–$2,112
3BR
$2,310
$2,330
+0.9%
$2,097–$2,563
4BR
$2,940
$2,940
0.0%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Passaic, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,490
$1,670
$1,920
$2,330
$2,940
FY 2026
$1,450
$1,650
$1,890
$2,310
$2,940
FY 2025
$1,230
$1,430
$1,640
$2,020
$2,550
FY 2024
$1,150
$1,350
$1,550
$1,920
$2,410
FY 2023
$1,110
$1,330
$1,540
$1,910
$2,400
Questions about Passaic, NJ rents
How much will Section 8 pay for a two-bedroom in Passaic, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,920, that basic range is $1,728 to $2,112 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 Passaic, NJ in?
Passaic, 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 Passaic, NJ for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,890 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 24.7%.
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