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Hudson County/Jersey City/07305

07305

ZIPSAFMR
Hudson County, NJ
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$2,170$1,830
1 BR$2,210$1,810
2 BR$2,460$2,140
3 BR$2,990$2,500
4 BR$3,500$2,810
5 BR$4,025Not available
6 BR$4,629Not available
7 BR$5,323Not available
8 BR$6,122Not available

Purchase Price Calculator

Maximum purchase price
$256,087

Cost breakdown

+Likely effective rent$2,140
HUD FMR$2,460
Market rentUsed$2,140
Est. payment standard (92%)$2,250
-Principal and interest-$1,295
Loan amount$204,869
Down payment$51,217
Rate6.50%
Term30 years
-Operating costs-$645
Property taxes-$256
Insurance-$175
Utilities$0
HOA$0
Management-$214
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,231(66.8% ROI)
Projected value
$275,777
Return breakdown
Property appreciation+$19,691
Loan principal paid down+$7,340
Rental cash flow+$7,200
5-year hold
+$58,741(114.7% ROI)
Projected value
$289,739
Return breakdown
Property appreciation+$33,652
Loan principal paid down+$13,089
Rental cash flow+$12,000
10-year hold
+$126,915(247.8% ROI)
Projected value
$327,813
Return breakdown
Property appreciation+$71,726
Loan principal paid down+$31,189
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.22
2 BR
1.15
3 BR
1.20
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07305 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07305 (Jersey City, NJ) is $2,460 a month. That is up 5.1% from $2,340 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, 07305 has the 19th-highest two-bedroom rent (county range $2,190–$4,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07305 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07305
BedroomsFY 2027Change90–110% range
Studio$2,170+6.4%$1,953–$2,387
1BR$2,210+6.3%$1,989–$2,431
2BR$2,460+5.1%$2,214–$2,706
3BR$2,990+4.9%$2,691–$3,289
4BR$3,500+4.5%$3,150–$3,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07305
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,170$2,210$2,460$2,990$3,500
FY 2026$2,040$2,080$2,340$2,850$3,350
FY 2025$1,800$1,830$2,070$2,570$2,870
FY 2024$1,600$1,640$1,880$2,330$2,560
FY 2023$1,460$1,540$1,780$2,200$2,410

Two-bedroom rent in nearby Hudson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07305
07094$3,480+41.5%
07096$2,790+13.4%
07097$2,790+13.4%
07099$2,790+13.4%
07302$4,190+70.3%
07303$2,790+13.4%
07304$2,520+2.4%
07305Current$2,460—
07306$2,600+5.7%
07307$2,770+12.6%
07310$4,190+70.3%
07311$4,190+70.3%

Questions about ZIP 07305 rents

How much will Section 8 pay for a two-bedroom in ZIP 07305?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,460, that basic range is $2,214 to $2,706 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 07305 in?

ZIP 07305 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 07305 for FY 2027?

The two-bedroom FMR rose 5.1%, from $2,340 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 38.2%.

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