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Morris County/Pompton Plains/07444

07444

ZIPSAFMR
Morris County, NJ
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$2,100$2,310
1 BR$2,370$2,380
2 BR$2,860$2,960
3 BR$3,570$3,750
4 BR$4,080$3,950
5 BR$4,692Not available
6 BR$5,396Not available
7 BR$6,205Not available
8 BR$7,136Not available

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,860
Market rent$3,010
Est. payment standard (103%)Used$2,960
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.99
2 BR
0.95
3 BR
0.93
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07444 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07444 (Pompton Plains, NJ) is $2,860 a month. That is up 1.8% from $2,810 in FY 2026. Pompton Plains is in the Newark, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,233. Among 65 ZIP codes in Morris County, 07444 has the 25th-highest two-bedroom rent (county range $1,990–$3,390). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07444 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07444
BedroomsFY 2027Change90–110% range
Studio$2,100+2.4%$1,890–$2,310
1BR$2,370+2.2%$2,133–$2,607
2BR$2,860+1.8%$2,574–$3,146
3BR$3,570+1.4%$3,213–$3,927
4BR$4,080+2.0%$3,672–$4,488

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07444
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,100$2,370$2,860$3,570$4,080
FY 2026$2,050$2,320$2,810$3,520$4,000
FY 2025$2,070$2,360$2,850$3,590$4,080
FY 2024$1,780$2,050$2,470$3,120$3,610
FY 2023$1,540$1,820$2,190$2,780$3,260

Two-bedroom rent in nearby Morris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07444
07082$2,670−6.6%
07405$2,230−22.0%
07435$2,180−23.8%
07438$2,210−22.7%
07440$2,640−7.7%
07444Current$2,860—
07457$3,280+14.7%
07460$2,900+1.4%
07801$2,430−15.0%
07802$2,550−10.8%
07803$2,460−14.0%
07806$2,550−10.8%

Questions about ZIP 07444 rents

How much will Section 8 pay for a two-bedroom in ZIP 07444?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,860 it would be $2,574 to $3,146. 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 07444 in?

ZIP 07444 is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.

How much did fair market rent change in ZIP 07444 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,810 in FY 2026 to $2,860 in FY 2027. Since FY 2023 it has risen 30.6%.

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