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Bergen County/Bergenfield/07621

07621

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,750$1,930
1 BR$1,960$2,160
2 BR$2,250$2,480
3 BR$2,730$3,000
4 BR$3,450$3,800
5 BR$3,967Not available
6 BR$4,563Not available
7 BR$5,247Not available
8 BR$6,034Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,250
Market rent$3,300
Est. payment standard (110%)Used$2,480
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.55
1 BR
0.85
2 BR
0.68
3 BR
0.63
4 BR
0.66
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07621 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07621 (Bergenfield, NJ) is $2,250 a month. That is down 1.7% from $2,290 in FY 2026. Bergenfield 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, 07621 has the 62nd-highest two-bedroom rent (county range $1,440–$3,420).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07621
BedroomsFY 2027Change90–110% range
Studio$1,7500.0%$1,575–$1,925
1BR$1,960−1.5%$1,764–$2,156
2BR$2,250−1.7%$2,025–$2,475
3BR$2,730−2.2%$2,457–$3,003
4BR$3,450−3.4%$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07621
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,750$1,960$2,250$2,730$3,450
FY 2026$1,750$1,990$2,290$2,790$3,570
FY 2025$1,520$1,770$2,030$2,500$3,160
FY 2024$1,380$1,620$1,860$2,300$2,900
FY 2023$1,300$1,550$1,800$2,240$2,810

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07621
07606$2,460+9.3%
07607$2,520+12.0%
07608$2,430+8.0%
07620$3,200+42.2%
07621Current$2,250—
07624$3,420+52.0%
07626$3,170+40.9%
07627$3,270+45.3%
07628$2,330+3.6%
07630$2,500+11.1%
07631$2,580+14.7%
07632$3,020+34.2%

Questions about ZIP 07621 rents

How much will Section 8 pay for a two-bedroom in ZIP 07621?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 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 07621 in?

ZIP 07621 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 07621 for FY 2027?

The two-bedroom FMR fell 1.7%, from $2,290 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has risen 25.0%.

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