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Bergen County/Moonachie/07074

07074

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

15Below average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,230
1 BR$1,250$1,380
2 BR$1,440$1,580
3 BR$1,750$1,930
4 BR$2,210$2,430
5 BR$2,542Not available
6 BR$2,923Not available
7 BR$3,361Not available
8 BR$3,865Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,440
Market rent$3,140
Est. payment standard (110%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.38
1 BR
0.61
2 BR
0.46
3 BR
0.50
4 BR
0.55
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07074 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07074 (Moonachie, NJ) is $1,440 a month. That is down 3.4% from $1,490 in FY 2026. Moonachie 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 74 ZIP codes in Bergen County, 07074 has the 74th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07074 is 36% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07074
BedroomsFY 2027Change90–110% range
Studio$1,120−1.8%$1,008–$1,232
1BR$1,250−3.8%$1,125–$1,375
2BR$1,440−3.4%$1,296–$1,584
3BR$1,750−3.8%$1,575–$1,925
4BR$2,210−4.7%$1,989–$2,431

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07074
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,250$1,440$1,750$2,210
FY 2026$1,140$1,300$1,490$1,820$2,320
FY 2025$1,070$1,250$1,430$1,760$2,230
FY 2024$1,110$1,300$1,500$1,860$2,340
FY 2023$1,110$1,330$1,540$1,910$2,400

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07074
07024$3,360+133.3%
07026$2,140+48.6%
07031$2,190+52.1%
07032$2,600+80.6%
07047$3,030+110.4%
07057$1,990+38.2%
07070$2,390+66.0%
07071$2,280+58.3%
07072$2,010+39.6%
07073$2,390+66.0%
07074Current$1,440—
07075$2,370+64.6%

Questions about ZIP 07074 rents

How much will Section 8 pay for a two-bedroom in ZIP 07074?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 07074 in?

ZIP 07074 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 07074 for FY 2027?

The two-bedroom FMR fell 3.4%, from $1,490 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has fallen 6.5%.

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