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Passaic County/Rutherford/07070

07070

ZIPSAFMR
Passaic County, NJ
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$1,860$2,050
1 BR$2,080$2,290
2 BR$2,390$2,630
3 BR$2,900$3,190
4 BR$3,660$3,890
5 BR$4,209Not available
6 BR$4,840Not available
7 BR$5,566Not available
8 BR$6,401Not available

Purchase Price Calculator

Maximum purchase price
$328,900

Cost breakdown

+Likely effective rent$2,630
HUD FMR$2,390
Market rent$3,300
Est. payment standard (110%)Used$2,630
-Principal and interest-$1,663
Loan amount$263,120
Down payment$65,780
Rate6.50%
Term30 years
-Operating costs-$767
Property taxes-$329
Insurance-$175
Utilities$0
HOA$0
Management-$263
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,916(63.7% ROI)
Projected value
$354,190
Return breakdown
Property appreciation+$25,289
Loan principal paid down+$9,427
Rental cash flow+$7,200
5-year hold
+$72,031(109.5% ROI)
Projected value
$372,121
Return breakdown
Property appreciation+$43,220
Loan principal paid down+$16,811
Rental cash flow+$12,000
10-year hold
+$156,177(237.4% ROI)
Projected value
$421,020
Return breakdown
Property appreciation+$92,120
Loan principal paid down+$40,057
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.83
2 BR
0.72
3 BR
0.82
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07070 (Rutherford, NJ) is $2,390 a month. That is unchanged from FY 2026. Rutherford 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, 07070 has the 10th-highest two-bedroom rent (county range $1,610–$3,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07070 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07070
BedroomsFY 2027Change90–110% range
Studio$1,860+1.6%$1,674–$2,046
1BR$2,0800.0%$1,872–$2,288
2BR$2,3900.0%$2,151–$2,629
3BR$2,900−0.7%$2,610–$3,190
4BR$3,660−1.6%$3,294–$4,026

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,860$2,080$2,390$2,900$3,660
FY 2026$1,830$2,080$2,390$2,920$3,720
FY 2025$1,580$1,830$2,100$2,580$3,270
FY 2024$1,410$1,660$1,910$2,360$2,970
FY 2023$1,310$1,570$1,820$2,260$2,840

Two-bedroom rent in nearby Passaic County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07070
07006$2,650+10.9%
07009$2,520+5.4%
07011$2,240−6.3%
07012$2,210−7.5%
07013$2,310−3.3%
07014$2,770+15.9%
07015$2,080−13.0%
07026$2,140−10.5%
07043$3,190+33.5%
07055$1,920−19.7%
07070Current$2,390—
07110$2,310−3.3%

Questions about ZIP 07070 rents

How much will Section 8 pay for a two-bedroom in ZIP 07070?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,390, that basic range is $2,151 to $2,629 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 07070 in?

ZIP 07070 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 07070 for FY 2027?

The two-bedroom FMR was unchanged at $2,390 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 rentRutherford, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources