FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 07660
0.85ratio
FMR$1,850
Market$2,180
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 07660
0.65ratio
FMR$2,130
Market$3,300
vs market-$1,170
FMR is below market; voucher rent may lag private rents.
0.65
3 BR
3 BR- 07660
0.75ratio
FMR$2,590
Market$3,470
vs market-$880
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 07660
0.88ratio
FMR$3,260
Market$3,710
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.88
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
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Ridgefield Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ridgefield Park, NJ is $2,130 a month. That is down 1.4% from $2,160 in FY 2026. Ridgefield 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 Ridgefield Park is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ridgefield Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,650
$1,650
0.0%
$1,485–$1,815
1BR
$1,880
$1,850
−1.6%
$1,665–$2,035
2BR
$2,160
$2,130
−1.4%
$1,917–$2,343
3BR
$2,630
$2,590
−1.5%
$2,331–$2,849
4BR
$3,360
$3,260
−3.0%
$2,934–$3,586
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ridgefield Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,850
$2,130
$2,590
$3,260
FY 2026
$1,650
$1,880
$2,160
$2,630
$3,360
FY 2025
$1,460
$1,700
$1,950
$2,400
$3,030
FY 2024
$1,320
$1,550
$1,780
$2,200
$2,770
FY 2023
$1,250
$1,490
$1,730
$2,150
$2,700
Questions about Ridgefield Park, NJ rents
How much will Section 8 pay for a two-bedroom in Ridgefield Park, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,130, that basic range is $1,917 to $2,343 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 Park, NJ in?
Ridgefield 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 Ridgefield Park, NJ for FY 2027?
The two-bedroom FMR fell 1.4%, from $2,160 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 23.1%.
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