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Hudson County/Jersey City/07302

07302

ZIPSAFMR
Hudson County, NJ
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$3,690$2,590
1 BR$3,770$3,030
2 BR$4,190$3,850
3 BR$5,090$5,230
4 BR$5,970$3,970
5 BR$6,865Not available
6 BR$7,895Not available
7 BR$9,080Not available
8 BR$10,442Not available

Purchase Price Calculator

Maximum purchase price
$510,192

Cost breakdown

+Likely effective rent$3,850
HUD FMR$4,190
Market rentUsed$3,850
Est. payment standard (95%)$3,970
-Principal and interest-$2,580
Loan amount$408,154
Down payment$102,038
Rate6.50%
Term30 years
-Operating costs-$1,070
Property taxes-$510
Insurance-$175
Utilities$0
HOA$0
Management-$385
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,052(59.8% ROI)
Projected value
$549,421
Return breakdown
Property appreciation+$39,229
Loan principal paid down+$14,623
Rental cash flow+$7,200
5-year hold
+$105,120(103.0% ROI)
Projected value
$577,235
Return breakdown
Property appreciation+$67,043
Loan principal paid down+$26,077
Rental cash flow+$12,000
10-year hold
+$229,034(224.5% ROI)
Projected value
$653,089
Return breakdown
Property appreciation+$142,897
Loan principal paid down+$62,137
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.42
1 BR
1.24
2 BR
1.09
3 BR
0.96
4 BR
1.50
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07302 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07302 (Jersey City, NJ) is $4,190 a month. That is up 1.2% from $4,140 in FY 2026. Jersey City is in the Jersey City, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 21 ZIP codes in Hudson County, 07302 is tied for the highest two-bedroom rent (county range $2,190–$4,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07302 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07302
BedroomsFY 2027Change90–110% range
Studio$3,690+2.2%$3,321–$4,059
1BR$3,770+2.4%$3,393–$4,147
2BR$4,190+1.2%$3,771–$4,609
3BR$5,090+0.8%$4,581–$5,599
4BR$5,970+0.7%$5,373–$6,567

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07302
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,690$3,770$4,190$5,090$5,970
FY 2026$3,610$3,680$4,140$5,050$5,930
FY 2025$3,000$3,040$3,450$4,240$4,830
FY 2024$2,990$3,040$3,450$4,290$4,780
FY 2023$2,650$2,730$3,130$3,860$4,200

Two-bedroom rent in nearby Hudson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07302
07094$3,480−16.9%
07096$2,790−33.4%
07097$2,790−33.4%
07099$2,790−33.4%
07302Current$4,190—
07303$2,790−33.4%
07304$2,520−39.9%
07305$2,460−41.3%
07306$2,600−37.9%
07307$2,770−33.9%
07310$4,1900.0%
07311$4,1900.0%

Questions about ZIP 07302 rents

How much will Section 8 pay for a two-bedroom in ZIP 07302?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,190, that basic range is $3,771 to $4,609 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 07302 in?

ZIP 07302 is in the Jersey City, 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 07302 for FY 2027?

The two-bedroom FMR rose 1.2%, from $4,140 in FY 2026 to $4,190 in FY 2027. Since FY 2023 it has risen 33.9%.

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