Skip to main content
Loading page
Passaic County/Haskell/07420

07420

ZIPSAFMR
Passaic County, NJ
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,880
1 BR$1,920$2,110
2 BR$2,200$2,420
3 BR$2,670$2,940
4 BR$3,410$3,530
5 BR$3,921Not available
6 BR$4,510Not available
7 BR$5,186Not available
8 BR$5,964Not available

Purchase Price Calculator

Maximum purchase price
$297,695

Cost breakdown

+Likely effective rent$2,420
HUD FMR$2,200
Market rent$2,940
Est. payment standard (110%)Used$2,420
-Principal and interest-$1,505
Loan amount$238,156
Down payment$59,539
Rate6.50%
Term30 years
-Operating costs-$715
Property taxes-$298
Insurance-$175
Utilities$0
HOA$0
Management-$242
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,622(64.9% ROI)
Projected value
$320,584
Return breakdown
Property appreciation+$22,890
Loan principal paid down+$8,533
Rental cash flow+$7,200
5-year hold
+$66,335(111.4% ROI)
Projected value
$336,814
Return breakdown
Property appreciation+$39,120
Loan principal paid down+$15,216
Rental cash flow+$12,000
10-year hold
+$143,636(241.2% ROI)
Projected value
$381,074
Return breakdown
Property appreciation+$83,380
Loan principal paid down+$36,257
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.70
1 BR
0.87
2 BR
0.75
3 BR
0.82
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07420 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07420 (Haskell, NJ) is $2,200 a month. That is down 9.5% from $2,430 in FY 2026. Haskell 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, 07420 has the 22nd-highest two-bedroom rent (county range $1,610–$3,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07420 is 1% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07420
BedroomsFY 2027Change90–110% range
Studio$1,710−8.1%$1,539–$1,881
1BR$1,920−9.4%$1,728–$2,112
2BR$2,200−9.5%$1,980–$2,420
3BR$2,670−9.8%$2,403–$2,937
4BR$3,410−9.8%$3,069–$3,751

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07420
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,920$2,200$2,670$3,410
FY 2026$1,860$2,120$2,430$2,960$3,780
FY 2025$1,610$1,870$2,150$2,650$3,350
FY 2024$1,510$1,770$2,040$2,530$3,180
FY 2023$1,380$1,650$1,920$2,380$3,000

Two-bedroom rent in nearby Passaic County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07420
07403$2,290+4.1%
07420Current$2,200—
07421$2,820+28.2%
07424$2,300+4.5%
07435$2,180−0.9%
07438$2,210+0.5%
07442$2,380+8.2%
07456$2,690+22.3%
07460$2,900+31.8%
07465$2,650+20.5%
07470$2,670+21.4%
07474$2,080−5.5%

Questions about ZIP 07420 rents

How much will Section 8 pay for a two-bedroom in ZIP 07420?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,200, that basic range is $1,980 to $2,420 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 07420 in?

ZIP 07420 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 07420 for FY 2027?

The two-bedroom FMR fell 9.5%, from $2,430 in FY 2026 to $2,200 in FY 2027. Since FY 2023 it has risen 14.6%.

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