PATERSON, NJ
CityFMR
Passaic County
Found 13 ZIPs
BRFMR
Eff. Rent
0 BR$1,778$1,430 – $1,960
1 BR$2,024$1,660 – $2,220
2 BR$2,324$2,100 – $2,560
3 BR$2,835$2,420 – $3,120
4 BR$3,618$2,600 – $3,820
5 BR$4,161
6 BR$4,785
7 BR$5,503
8 BR$6,328

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,324
Market rent$2,560
Est. payment standard (107%)Used$2,480
Estimated payment standard is $2,480 (107% of FMR).
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Current value$306,610
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Current value$306,610
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Current value$306,610
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 5 ZIPs
0.63-0.64ratio range
Median FMR$1,778
Median Market$2,780
vs market-$1,002

FMR is below market; voucher rent may lag private rents.

90% standard$1,600 / 0.58 ratio110% standard$1,956 / 0.70 ratio
5
Studio- 1 ZIP
0.68ratio
FMR$1,778
Market$2,620
vs market-$842

FMR is below market; voucher rent may lag private rents.

90% standard$1,600 / 0.61 ratio110% standard$1,956 / 0.75 ratio
Studio- 1 ZIP
0.76ratio
FMR$1,778
Market$2,350
vs market-$572

FMR is below market; voucher rent may lag private rents.

90% standard$1,600 / 0.68 ratio110% standard$1,956 / 0.83 ratio
Studio- 2 ZIPs
0.96-0.97ratio range
Median FMR$1,778
Median Market$1,845
vs market-$67

FMR is near market; voucher and private rents are aligned.

90% standard$1,600 / 0.87 ratio110% standard$1,956 / 1.06 ratio
Studio- 1 ZIP
1.07ratio
FMR$1,778
Market$1,660
vs market+$118

FMR is near market; voucher and private rents are aligned.

90% standard$1,600 / 0.96 ratio110% standard$1,956 / 1.18 ratio
Studio- 1 ZIP
1.19ratio
FMR$1,778
Market$1,500
vs market+$278

FMR is above market; underwrite to market rent.

90% standard$1,600 / 1.07 ratio110% standard$1,956 / 1.30 ratio
Studio- 2 ZIPs
1.23-1.24ratio range
Median FMR$1,778
Median Market$1,435
vs market+$343

FMR is above market; underwrite to market rent.

90% standard$1,600 / 1.12 ratio110% standard$1,956 / 1.36 ratio
0.63-1.24
1 BR
1 BR- 4 ZIPs
0.87ratio range
Median FMR$2,024
Median Market$2,320
vs market-$296

FMR is below market; voucher rent may lag private rents.

90% standard$1,822 / 0.79 ratio110% standard$2,226 / 0.96 ratio
4
1 BR- 1 ZIP
1.02ratio
FMR$2,024
Market$1,980
vs market+$44

FMR is near market; voucher and private rents are aligned.

90% standard$1,822 / 0.92 ratio110% standard$2,226 / 1.12 ratio
1 BR- 2 ZIPs
1.07-1.10ratio range
Median FMR$2,024
Median Market$1,870
vs market+$154

FMR is near market; voucher and private rents are aligned.

90% standard$1,822 / 0.97 ratio110% standard$2,226 / 1.19 ratio
2
1 BR- 2 ZIPs
1.12-1.15ratio range
Median FMR$2,024
Median Market$1,780
vs market+$244

FMR is above market; underwrite to market rent.

90% standard$1,822 / 1.02 ratio110% standard$2,226 / 1.25 ratio
2
1 BR- 3 ZIPs
1.17-1.18ratio range
Median FMR$2,024
Median Market$1,720
vs market+$304

FMR is above market; underwrite to market rent.

90% standard$1,822 / 1.06 ratio110% standard$2,226 / 1.29 ratio
3
1 BR- 1 ZIP
1.22ratio
FMR$2,024
Market$1,660
vs market+$364

FMR is above market; underwrite to market rent.

90% standard$1,822 / 1.10 ratio110% standard$2,226 / 1.34 ratio
0.87-1.22
2 BR
2 BR- 5 ZIPs
0.81ratio range
Median FMR$2,324
Median Market$2,870
vs market-$546

FMR is below market; voucher rent may lag private rents.

90% standard$2,092 / 0.73 ratio110% standard$2,556 / 0.89 ratio
5
2 BR- 1 ZIP
0.89ratio
FMR$2,324
Market$2,600
vs market-$276

FMR is below market; voucher rent may lag private rents.

90% standard$2,092 / 0.80 ratio110% standard$2,556 / 0.98 ratio
2 BR- 1 ZIP
0.91ratio
FMR$2,324
Market$2,560
vs market-$236

FMR is near market; voucher and private rents are aligned.

90% standard$2,092 / 0.82 ratio110% standard$2,556 / 1.00 ratio
2 BR- 1 ZIP
0.99ratio
FMR$2,324
Market$2,350
vs market-$26

FMR is near market; voucher and private rents are aligned.

90% standard$2,092 / 0.89 ratio110% standard$2,556 / 1.09 ratio
2 BR- 1 ZIP
1.03ratio
FMR$2,324
Market$2,260
vs market+$64

FMR is near market; voucher and private rents are aligned.

90% standard$2,092 / 0.93 ratio110% standard$2,556 / 1.13 ratio
2 BR- 3 ZIPs
1.06-1.08ratio range
Median FMR$2,324
Median Market$2,180
vs market+$144

FMR is near market; voucher and private rents are aligned.

90% standard$2,092 / 0.96 ratio110% standard$2,556 / 1.17 ratio
3
2 BR- 1 ZIP
1.11ratio
FMR$2,324
Market$2,100
vs market+$224

FMR is above market; underwrite to market rent.

90% standard$2,092 / 1.00 ratio110% standard$2,556 / 1.22 ratio
0.81-1.11
3 BR
3 BR- 5 ZIPs
0.85ratio range
Median FMR$2,835
Median Market$3,330
vs market-$495

FMR is below market; voucher rent may lag private rents.

90% standard$2,552 / 0.77 ratio110% standard$3,119 / 0.94 ratio
5
3 BR- 1 ZIP
0.91ratio
FMR$2,835
Market$3,100
vs market-$265

FMR is near market; voucher and private rents are aligned.

90% standard$2,552 / 0.82 ratio110% standard$3,119 / 1.01 ratio
3 BR- 1 ZIP
0.94ratio
FMR$2,835
Market$3,010
vs market-$175

FMR is near market; voucher and private rents are aligned.

90% standard$2,552 / 0.85 ratio110% standard$3,119 / 1.04 ratio
3 BR- 1 ZIP
1.03ratio
FMR$2,835
Market$2,760
vs market+$75

FMR is near market; voucher and private rents are aligned.

90% standard$2,552 / 0.92 ratio110% standard$3,119 / 1.13 ratio
3 BR- 2 ZIPs
1.08-1.10ratio range
Median FMR$2,835
Median Market$2,605
vs market+$230

FMR is near market; voucher and private rents are aligned.

90% standard$2,552 / 0.98 ratio110% standard$3,119 / 1.20 ratio
3 BR- 2 ZIPs
1.10-1.15ratio range
Median FMR$2,835
Median Market$2,520
vs market+$315

FMR is above market; underwrite to market rent.

90% standard$2,552 / 1.01 ratio110% standard$3,119 / 1.24 ratio
3 BR- 1 ZIP
1.17ratio
FMR$2,835
Market$2,420
vs market+$415

FMR is above market; underwrite to market rent.

90% standard$2,552 / 1.05 ratio110% standard$3,119 / 1.29 ratio
0.85-1.17
4 BR
4 BR- 1 ZIP
0.92ratio
FMR$3,618
Market$3,930
vs market-$312

FMR is near market; voucher and private rents are aligned.

90% standard$3,256 / 0.83 ratio110% standard$3,980 / 1.01 ratio
4 BR- 4 ZIPs
0.95ratio range
Median FMR$3,618
Median Market$3,810
vs market-$192

FMR is near market; voucher and private rents are aligned.

90% standard$3,256 / 0.85 ratio110% standard$3,980 / 1.04 ratio
4
4 BR- 1 ZIP
1.00ratio
FMR$3,618
Market$3,630
vs market-$12

FMR is near market; voucher and private rents are aligned.

90% standard$3,256 / 0.90 ratio110% standard$3,980 / 1.10 ratio
4 BR- 1 ZIP
1.05ratio
FMR$3,618
Market$3,450
vs market+$168

FMR is near market; voucher and private rents are aligned.

90% standard$3,256 / 0.94 ratio110% standard$3,980 / 1.15 ratio
4 BR- 1 ZIP
1.16ratio
FMR$3,618
Market$3,130
vs market+$488

FMR is above market; underwrite to market rent.

90% standard$3,256 / 1.04 ratio110% standard$3,980 / 1.27 ratio
4 BR- 1 ZIP
1.23ratio
FMR$3,618
Market$2,940
vs market+$678

FMR is above market; underwrite to market rent.

90% standard$3,256 / 1.11 ratio110% standard$3,980 / 1.35 ratio
4 BR- 1 ZIP
1.28ratio
FMR$3,618
Market$2,820
vs market+$798

FMR is above market; underwrite to market rent.

90% standard$3,256 / 1.15 ratio110% standard$3,980 / 1.41 ratio
4 BR- 1 ZIP
1.34ratio
FMR$3,618
Market$2,710
vs market+$908

FMR is above market; underwrite to market rent.

90% standard$3,256 / 1.20 ratio110% standard$3,980 / 1.47 ratio
4 BR- 2 ZIPs
1.37-1.39ratio range
Median FMR$3,618
Median Market$2,625
vs market+$993

FMR is above market; underwrite to market rent.

90% standard$3,256 / 1.24 ratio110% standard$3,980 / 1.52 ratio
2
0.92-1.39
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for PATERSON, NJ (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

PATERSON, NJ fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for PATERSON, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,324 and the 4 bedroom fair market rent is $3,618.

Use this page for searches like PATERSON, NJ FMR, PATERSON, NJ fair market rent, and PATERSON, NJ Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for PATERSON, NJ
Bedroom sizeHUD FMR
Studio$1,778
1 bedroom$2,024
2 bedroom$2,324
3 bedroom$2,835
4 bedroom$3,618