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Hudson County/Jersey City/07310

07310

ZIPSAFMR
Hudson County, NJ
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$3,690$2,890
1 BR$3,770$3,390
2 BR$4,190$4,380
3 BR$5,090$5,410
4 BR$5,970$5,660
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
$588,950

Cost breakdown

+Likely effective rent$4,380
HUD FMR$4,190
Market rent$4,480
Est. payment standard (104%)Used$4,380
-Principal and interest-$2,978
Loan amount$471,160
Down payment$117,790
Rate6.50%
Term30 years
-Operating costs-$1,202
Property taxes-$589
Insurance-$175
Utilities$0
HOA$0
Management-$438
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$69,365(58.9% ROI)
Projected value
$634,234
Return breakdown
Property appreciation+$45,285
Loan principal paid down+$16,881
Rental cash flow+$7,200
5-year hold
+$119,495(101.4% ROI)
Projected value
$666,343
Return breakdown
Property appreciation+$77,393
Loan principal paid down+$30,103
Rental cash flow+$12,000
10-year hold
+$260,684(221.3% ROI)
Projected value
$753,905
Return breakdown
Property appreciation+$164,956
Loan principal paid down+$71,729
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.28
1 BR
1.11
2 BR
0.94
3 BR
0.91
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07310 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07310 (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, 07310 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 07310 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07310
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 07310
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. 07310
07094$3,480−16.9%
07096$2,790−33.4%
07097$2,790−33.4%
07099$2,790−33.4%
07302$4,1900.0%
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%
07310Current$4,190—
07311$4,1900.0%

Questions about ZIP 07310 rents

How much will Section 8 pay for a two-bedroom in ZIP 07310?

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 07310 in?

ZIP 07310 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 07310 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