FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 07657
1.11ratio
FMR$2,190
Market$1,970
vs market+$220
FMR is above market; underwrite to market rent.
1.11
2 BR
2 BR- 07657
0.87ratio
FMR$2,510
Market$2,890
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 07657
0.92ratio
FMR$3,050
Market$3,300
vs market-$250
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 07657
0.93ratio
FMR$3,850
Market$4,120
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Ridgefield, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ridgefield, NJ is $2,510 a month. That is down 1.2% from $2,540 in FY 2026. Ridgefield 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 Ridgefield is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ridgefield, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,940
$1,950
+0.5%
$1,755–$2,145
1BR
$2,210
$2,190
−0.9%
$1,971–$2,409
2BR
$2,540
$2,510
−1.2%
$2,259–$2,761
3BR
$3,100
$3,050
−1.6%
$2,745–$3,355
4BR
$3,950
$3,850
−2.5%
$3,465–$4,235
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ridgefield, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,950
$2,190
$2,510
$3,050
$3,850
FY 2026
$1,940
$2,210
$2,540
$3,100
$3,950
FY 2025
$1,730
$2,010
$2,300
$2,830
$3,580
FY 2024
$1,590
$1,870
$2,150
$2,660
$3,350
FY 2023
$1,510
$1,800
$2,090
$2,600
$3,260
Questions about Ridgefield, NJ rents
How much will Section 8 pay for a two-bedroom in Ridgefield, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,510, that basic range is $2,259 to $2,761 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 Ridgefield, NJ in?
Ridgefield, 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 Ridgefield, NJ for FY 2027?
The two-bedroom FMR fell 1.2%, from $2,540 in FY 2026 to $2,510 in FY 2027. Since FY 2023 it has risen 20.1%.
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