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Bergen County/Waldwick/07463

07463

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$2,660$2,930
1 BR$2,980$2,790
2 BR$3,420$3,260
3 BR$4,150$3,770
4 BR$5,240$4,990
5 BR$6,026Not available
6 BR$6,930Not available
7 BR$7,969Not available
8 BR$9,165Not available

Purchase Price Calculator

Maximum purchase price
$422,518

Cost breakdown

+Likely effective rent$3,260
HUD FMR$3,420
Market rentUsed$3,260
Est. payment standard (97%)$3,320
-Principal and interest-$2,136
Loan amount$338,015
Down payment$84,504
Rate6.50%
Term30 years
-Operating costs-$924
Property taxes-$423
Insurance-$175
Utilities$0
HOA$0
Management-$326
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,798(61.3% ROI)
Projected value
$455,006
Return breakdown
Property appreciation+$32,488
Loan principal paid down+$12,110
Rental cash flow+$7,200
5-year hold
+$89,118(105.5% ROI)
Projected value
$478,041
Return breakdown
Property appreciation+$55,522
Loan principal paid down+$21,596
Rental cash flow+$12,000
10-year hold
+$193,800(229.3% ROI)
Projected value
$540,859
Return breakdown
Property appreciation+$118,341
Loan principal paid down+$51,459
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.70
1 BR
1.07
2 BR
1.05
3 BR
1.10
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 07463 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07463 (Waldwick, NJ) is $3,420 a month. That is up 10.7% from $3,090 in FY 2026. Waldwick 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 74 ZIP codes in Bergen County, 07463 is tied for the highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07463 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07463
BedroomsFY 2027Change90–110% range
Studio$2,660+12.7%$2,394–$2,926
1BR$2,980+10.8%$2,682–$3,278
2BR$3,420+10.7%$3,078–$3,762
3BR$4,150+10.1%$3,735–$4,565
4BR$5,240+8.9%$4,716–$5,764

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07463
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,660$2,980$3,420$4,150$5,240
FY 2026$2,360$2,690$3,090$3,770$4,810
FY 2025$1,770$2,060$2,360$2,900$3,670
FY 2024$1,730$2,040$2,340$2,900$3,640
FY 2023$1,750$2,090$2,420$3,000$3,780

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07463
07423$3,200−6.4%
07430$2,880−15.8%
07432$2,330−31.9%
07436$2,110−38.3%
07446$3,020−11.7%
07450$3,150−7.9%
07451$2,420−29.2%
07452$2,470−27.8%
07458$2,970−13.2%
07463Current$3,420—
07481$3,100−9.4%
07495$2,420−29.2%

Questions about ZIP 07463 rents

How much will Section 8 pay for a two-bedroom in ZIP 07463?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,420, that basic range is $3,078 to $3,762 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 07463 in?

ZIP 07463 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 07463 for FY 2027?

The two-bedroom FMR rose 10.7%, from $3,090 in FY 2026 to $3,420 in FY 2027. Since FY 2023 it has risen 41.3%.

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