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Passaic County/Clifton/07013

07013

ZIPSAFMR
Passaic County, NJ
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,970
1 BR$2,010$2,110
2 BR$2,310$2,540
3 BR$2,810$3,090
4 BR$3,540$3,890
5 BR$4,071Not available
6 BR$4,682Not available
7 BR$5,384Not available
8 BR$6,191Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,310
Market rent$2,950
Est. payment standard (110%)Used$2,540
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.93
2 BR
0.78
3 BR
0.81
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07013 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07013 (Clifton, NJ) is $2,310 a month. That is down 2.1% from $2,360 in FY 2026. Clifton 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. Among 43 ZIP codes in Passaic County, 07013 is tied for the 12th-highest two-bedroom rent (county range $1,610–$3,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07013 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07013
BedroomsFY 2027Change90–110% range
Studio$1,790−1.1%$1,611–$1,969
1BR$2,010−2.4%$1,809–$2,211
2BR$2,310−2.1%$2,079–$2,541
3BR$2,810−2.4%$2,529–$3,091
4BR$3,540−3.5%$3,186–$3,894

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07013
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$2,010$2,310$2,810$3,540
FY 2026$1,810$2,060$2,360$2,880$3,670
FY 2025$1,540$1,790$2,050$2,520$3,190
FY 2024$1,370$1,610$1,850$2,290$2,880
FY 2023$1,270$1,520$1,760$2,190$2,750

Two-bedroom rent in nearby Passaic County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07013
07006$2,650+14.7%
07009$2,520+9.1%
07011$2,240−3.0%
07012$2,210−4.3%
07013Current$2,310—
07014$2,770+19.9%
07015$2,080−10.0%
07026$2,140−7.4%
07043$3,190+38.1%
07055$1,920−16.9%
07070$2,390+3.5%
07110$2,3100.0%

Questions about ZIP 07013 rents

How much will Section 8 pay for a two-bedroom in ZIP 07013?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,310, that basic range is $2,079 to $2,541 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 ZIP 07013 in?

ZIP 07013 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 ZIP 07013 for FY 2027?

The two-bedroom FMR fell 2.1%, from $2,360 in FY 2026 to $2,310 in FY 2027. Since FY 2023 it has risen 31.3%.

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

County fair market rentClifton, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources