FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 07075
0.86ratio
FMR$2,060
Market$2,390
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 07075
0.84ratio
FMR$2,370
Market$2,820
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 07075
0.73ratio
FMR$2,880
Market$3,970
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.73
4 BR
4 BR- 07075
0.83ratio
FMR$3,630
Market$4,370
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.83
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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Wood Ridge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wood Ridge, NJ is $2,370 a month. That is down 5.2% from $2,500 in FY 2026. Wood 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 Wood Ridge is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wood Ridge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,910
$1,840
−3.7%
$1,656–$2,024
1BR
$2,180
$2,060
−5.5%
$1,854–$2,266
2BR
$2,500
$2,370
−5.2%
$2,133–$2,607
3BR
$3,050
$2,880
−5.6%
$2,592–$3,168
4BR
$3,890
$3,630
−6.7%
$3,267–$3,993
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wood Ridge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,840
$2,060
$2,370
$2,880
$3,630
FY 2026
$1,910
$2,180
$2,500
$3,050
$3,890
FY 2025
$1,690
$1,960
$2,250
$2,770
$3,500
FY 2024
$1,620
$1,900
$2,190
$2,710
$3,410
FY 2023
$1,550
$1,850
$2,150
$2,670
$3,350
Questions about Wood Ridge, NJ rents
How much will Section 8 pay for a two-bedroom in Wood Ridge, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 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 Wood Ridge, NJ in?
Wood 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 Wood Ridge, NJ for FY 2027?
The two-bedroom FMR fell 5.2%, from $2,500 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 10.2%.
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