07019

ZIPSAFMR

Essex County, NJ

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,550	$1,710	6.0%
1 BR	$1,750	$1,930	5.3%
2 BR	$2,110	$2,320	5.2%
3 BR	$2,630	$2,890	4.7%
4 BR	$3,010	$3,310	4.5%
5 BR	$3,461	Not available	4.5%
6 BR	$3,981	Not available	4.5%
7 BR	$4,578	Not available	4.5%
8 BR	$5,265	Not available	4.5%

Purchase Price Calculator

Maximum purchase price

$282,835

Cost breakdown

+Likely effective rent$2,320

HUD FMR$2,110

Market rent$3,050

Est. payment standard (110%)Used$2,320

-Principal and interest-$1,430

Loan amount$226,268

Down payment$56,567

Rate6.50%

Term30 years

-Operating costs-$690

Property taxes-$283

Insurance-$175

Utilities$0

HOA$0

Management-$232

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$37,054(65.5% ROI)

Projected value

$304,582

Return breakdown

Property appreciation+$21,747

Loan principal paid down+$8,107

Rental cash flow+$7,200

5-year hold

+$63,623(112.5% ROI)

Projected value

$320,001

Return breakdown

Property appreciation+$37,167

Loan principal paid down+$14,456

Rental cash flow+$12,000

10-year hold

+$137,664(243.4% ROI)

Projected value

$362,052

Return breakdown

Property appreciation+$79,218

Loan principal paid down+$34,447

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.76ratio

FMR$1,550

Market$2,040

vs market-$490

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

0.76

1 BR

0.77ratio

FMR$1,750

Market$2,280

vs market-$530

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

0.77

2 BR

0.69ratio

FMR$2,110

Market$3,050

vs market-$940

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

0.69

3 BR

0.72ratio

FMR$2,630

Market$3,670

vs market-$1,040

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

0.72

4 BR

0.75ratio

FMR$3,010

Market$4,000

vs market-$990

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

0.75

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: --

ZIP 07019 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07019 (East Orange, NJ) is $2,110 a month. That is up 1.4% from $2,080 in FY 2026. East Orange is in the Newark, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,233. Among 39 ZIP codes in Essex County, 07019 is tied for the 23rd-highest two-bedroom rent (county range $1,990–$3,350). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07019 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07019
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,520	$1,550	+2.0%	$1,395–$1,705
1BR	$1,720	$1,750	+1.7%	$1,575–$1,925
2BR	$2,080	$2,110	+1.4%	$1,899–$2,321
3BR	$2,600	$2,630	+1.2%	$2,367–$2,893
4BR	$2,960	$3,010	+1.7%	$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07019
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,550	$1,750	$2,110	$2,630	$3,010
FY 2026	$1,520	$1,720	$2,080	$2,600	$2,960
FY 2025	$1,460	$1,670	$2,020	$2,540	$2,890
FY 2024	$1,300	$1,500	$1,810	$2,290	$2,640
FY 2023	$1,070	$1,270	$1,520	$1,930	$2,270

Two-bedroom rent in nearby Essex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 07019
07003	$2,600	+23.2%
07004	$3,350	+58.8%
07006	$2,650	+25.6%
07007	$2,110	0.0%
07009	$2,520	+19.4%
07017	$1,990	−5.7%
07018	$2,100	−0.5%
07019Current	$2,110	—
07021	$2,860	+35.5%
07028	$3,220	+52.6%
07039	$3,350	+58.8%
07040	$2,870	+36.0%

Questions about ZIP 07019 rents

How much will Section 8 pay for a two-bedroom in ZIP 07019?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,110 it would be $1,899 to $2,321. 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 07019 in?

ZIP 07019 is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.

How much did fair market rent change in ZIP 07019 for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,080 in FY 2026 to $2,110 in FY 2027. Since FY 2023 it has risen 38.8%.

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 rent East Orange, NJ fair market rent NJ statewide rents What is SAFMR?Data sources