FMR is below market; voucher rent may lag private rents.
0.58
1 BR
1 BR
0.78ratio
FMR$1,810
Market$2,320
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR
0.72ratio
FMR$2,080
Market$2,870
vs market-$790
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR
0.76ratio
FMR$2,530
Market$3,330
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR
0.84ratio
FMR$3,190
Market$3,810
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.84
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 07507 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07507 (Hawthorne, NJ) is $2,080 a month. That is down 1.4% from $2,110 in FY 2026. Hawthorne 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, 07507 is tied for the 27th-highest two-bedroom rent (county range $1,610–$3,190). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07507 is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 07507
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,610
$1,620
+0.6%
$1,458–$1,782
1BR
$1,840
$1,810
−1.6%
$1,629–$1,991
2BR
$2,110
$2,080
−1.4%
$1,872–$2,288
3BR
$2,570
$2,530
−1.6%
$2,277–$2,783
4BR
$3,280
$3,190
−2.7%
$2,871–$3,509
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 07507
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,620
$1,810
$2,080
$2,530
$3,190
FY 2026
$1,610
$1,840
$2,110
$2,570
$3,280
FY 2025
$1,420
$1,650
$1,890
$2,330
$2,940
FY 2024
$1,290
$1,510
$1,740
$2,150
$2,710
FY 2023
$1,220
$1,460
$1,690
$2,100
$2,640
Two-bedroom rent in nearby Passaic County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 07507?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,080, that basic range is $1,872 to $2,288 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 07507 in?
ZIP 07507 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 07507 for FY 2027?
The two-bedroom FMR fell 1.4%, from $2,110 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 23.1%.
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