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Bergen County/Hackensack/07601

07601

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,990$2,040
1 BR$2,230$2,450
2 BR$2,560$2,710
3 BR$3,110$3,200
4 BR$3,920$3,470
5 BR$4,508Not available
6 BR$5,184Not available
7 BR$5,962Not available
8 BR$6,856Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,560
Market rent$2,790
Est. payment standard (106%)Used$2,710
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.79
2 BR
0.92
3 BR
0.96
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07601 (Hackensack, NJ) is $2,560 a month. That is up 2.4% from $2,500 in FY 2026. Hackensack 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, 07601 has the 34th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07601 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07601
BedroomsFY 2027Change90–110% range
Studio$1,990+4.2%$1,791–$2,189
1BR$2,230+2.3%$2,007–$2,453
2BR$2,560+2.4%$2,304–$2,816
3BR$3,110+2.0%$2,799–$3,421
4BR$3,920+0.8%$3,528–$4,312

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,990$2,230$2,560$3,110$3,920
FY 2026$1,910$2,180$2,500$3,050$3,890
FY 2025$1,640$1,910$2,190$2,700$3,410
FY 2024$1,550$1,830$2,100$2,600$3,270
FY 2023$1,490$1,780$2,070$2,570$3,230

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07601
07601Current$2,560—
07602$2,420−5.5%
07603$2,400−6.2%
07604$2,090−18.4%
07605$2,670+4.3%
07606$2,460−3.9%
07607$2,520−1.6%
07608$2,430−5.1%
07620$3,200+25.0%
07621$2,250−12.1%
07624$3,420+33.6%
07626$3,170+23.8%

Questions about ZIP 07601 rents

How much will Section 8 pay for a two-bedroom in ZIP 07601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,560, that basic range is $2,304 to $2,816 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 07601 in?

ZIP 07601 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 07601 for FY 2027?

The two-bedroom FMR rose 2.4%, from $2,500 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 23.7%.

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