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Morris County/Stockholm/07460

07460

ZIPSAFMR
Morris County, NJ
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$2,130$2,340
1 BR$2,400$1,790
2 BR$2,900$2,110
3 BR$3,620$2,880
4 BR$4,140$3,060
5 BR$4,761Not available
6 BR$5,475Not available
7 BR$6,296Not available
8 BR$7,241Not available

Purchase Price Calculator

Maximum purchase price
$251,629

Cost breakdown

+Likely effective rent$2,110
HUD FMR$2,900
Market rentUsed$2,110
Est. payment standard (90%)$2,610
-Principal and interest-$1,272
Loan amount$201,303
Down payment$50,326
Rate6.50%
Term30 years
-Operating costs-$638
Property taxes-$252
Insurance-$175
Utilities$0
HOA$0
Management-$211
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,760(67.1% ROI)
Projected value
$270,977
Return breakdown
Property appreciation+$19,348
Loan principal paid down+$7,212
Rental cash flow+$7,200
5-year hold
+$57,927(115.1% ROI)
Projected value
$284,695
Return breakdown
Property appreciation+$33,066
Loan principal paid down+$12,861
Rental cash flow+$12,000
10-year hold
+$125,123(248.6% ROI)
Projected value
$322,106
Return breakdown
Property appreciation+$70,477
Loan principal paid down+$30,646
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
1.34
2 BR
1.37
3 BR
1.26
4 BR
1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07460 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07460 (Stockholm, NJ) is $2,900 a month. That is down 9.9% from $3,220 in FY 2026. Stockholm is in the Newark, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 65 ZIP codes in Morris County, 07460 has the 23rd-highest two-bedroom rent (county range $1,990–$3,390). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07460 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07460
BedroomsFY 2027Change90–110% range
Studio$2,130−9.7%$1,917–$2,343
1BR$2,400−9.8%$2,160–$2,640
2BR$2,900−9.9%$2,610–$3,190
3BR$3,620−10.0%$3,258–$3,982
4BR$4,140−9.8%$3,726–$4,554

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07460
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,130$2,400$2,900$3,620$4,140
FY 2026$2,360$2,660$3,220$4,020$4,590
FY 2025$2,320$2,650$3,200$4,030$4,590
FY 2024$2,070$2,380$2,870$3,620$4,200
FY 2023$1,700$2,020$2,420$3,070$3,610

Two-bedroom rent in nearby Morris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07460
07405$2,230−23.1%
07435$2,180−24.8%
07438$2,210−23.8%
07440$2,640−9.0%
07444$2,860−1.4%
07457$3,280+13.1%
07460Current$2,900—
07801$2,430−16.2%
07802$2,550−12.1%
07803$2,460−15.2%
07806$2,550−12.1%
07828$2,050−29.3%

Questions about ZIP 07460 rents

How much will Section 8 pay for a two-bedroom in ZIP 07460?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,900, that basic range is $2,610 to $3,190 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 07460 in?

ZIP 07460 is in the Newark, 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 07460 for FY 2027?

The two-bedroom FMR fell 9.9%, from $3,220 in FY 2026 to $2,900 in FY 2027. Since FY 2023 it has risen 19.8%.

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