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Bergen County/Maywood/07607

07607

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$2,140
1 BR$2,190$1,970
2 BR$2,520$2,770
3 BR$3,060$3,370
4 BR$3,860$3,990
5 BR$4,439Not available
6 BR$5,105Not available
7 BR$5,871Not available
8 BR$6,751Not available

Purchase Price Calculator

Maximum purchase price
$349,704

Cost breakdown

+Likely effective rent$2,770
HUD FMR$2,520
Market rent$3,620
Est. payment standard (110%)Used$2,770
-Principal and interest-$1,768
Loan amount$279,764
Down payment$69,941
Rate6.50%
Term30 years
-Operating costs-$802
Property taxes-$350
Insurance-$175
Utilities$0
HOA$0
Management-$277
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,112(63.1% ROI)
Projected value
$376,593
Return breakdown
Property appreciation+$26,889
Loan principal paid down+$10,023
Rental cash flow+$7,200
5-year hold
+$75,828(108.4% ROI)
Projected value
$395,658
Return breakdown
Property appreciation+$45,954
Loan principal paid down+$17,874
Rental cash flow+$12,000
10-year hold
+$164,538(235.3% ROI)
Projected value
$447,651
Return breakdown
Property appreciation+$97,947
Loan principal paid down+$42,591
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
1.11
2 BR
0.70
3 BR
0.79
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07607 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07607 (Maywood, NJ) is $2,520 a month. That is down 6.0% from $2,680 in FY 2026. Maywood 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, 07607 has the 36th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07607 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07607
BedroomsFY 2027Change90–110% range
Studio$1,960−4.4%$1,764–$2,156
1BR$2,190−6.0%$1,971–$2,409
2BR$2,520−6.0%$2,268–$2,772
3BR$3,060−6.4%$2,754–$3,366
4BR$3,860−7.4%$3,474–$4,246

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07607
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,190$2,520$3,060$3,860
FY 2026$2,050$2,330$2,680$3,270$4,170
FY 2025$1,810$2,100$2,410$2,970$3,750
FY 2024$1,650$1,940$2,230$2,760$3,470
FY 2023$1,520$1,820$2,110$2,620$3,290

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07607
07601$2,560+1.6%
07602$2,420−4.0%
07603$2,400−4.8%
07604$2,090−17.1%
07605$2,670+6.0%
07606$2,460−2.4%
07607Current$2,520—
07608$2,430−3.6%
07620$3,200+27.0%
07621$2,250−10.7%
07624$3,420+35.7%
07626$3,170+25.8%

Questions about ZIP 07607 rents

How much will Section 8 pay for a two-bedroom in ZIP 07607?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,520, that basic range is $2,268 to $2,772 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 07607 in?

ZIP 07607 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 07607 for FY 2027?

The two-bedroom FMR fell 6.0%, from $2,680 in FY 2026 to $2,520 in FY 2027. Since FY 2023 it has risen 19.4%.

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