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Bergen County/Dumont/07628

07628

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$1,810$1,990
1 BR$2,030$2,230
2 BR$2,330$2,560
3 BR$2,830$3,110
4 BR$3,570$3,930
5 BR$4,106Not available
6 BR$4,721Not available
7 BR$5,430Not available
8 BR$6,244Not available

Purchase Price Calculator

Maximum purchase price
$318,498

Cost breakdown

+Likely effective rent$2,560
HUD FMR$2,330
Market rent$3,390
Est. payment standard (110%)Used$2,560
-Principal and interest-$1,611
Loan amount$254,799
Down payment$63,700
Rate6.50%
Term30 years
-Operating costs-$749
Property taxes-$318
Insurance-$175
Utilities$0
HOA$0
Management-$256
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,818(64.1% ROI)
Projected value
$342,988
Return breakdown
Property appreciation+$24,490
Loan principal paid down+$9,129
Rental cash flow+$7,200
5-year hold
+$70,132(110.1% ROI)
Projected value
$360,352
Return breakdown
Property appreciation+$41,853
Loan principal paid down+$16,279
Rental cash flow+$12,000
10-year hold
+$151,997(238.6% ROI)
Projected value
$407,705
Return breakdown
Property appreciation+$89,206
Loan principal paid down+$38,790
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.52
1 BR
0.72
2 BR
0.69
3 BR
0.72
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07628 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07628 (Dumont, NJ) is $2,330 a month. That is down 1.3% from $2,360 in FY 2026. Dumont 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, 07628 is tied for the 56th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07628 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07628
BedroomsFY 2027Change90–110% range
Studio$1,8100.0%$1,629–$1,991
1BR$2,030−1.5%$1,827–$2,233
2BR$2,330−1.3%$2,097–$2,563
3BR$2,830−1.7%$2,547–$3,113
4BR$3,570−2.7%$3,213–$3,927

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07628
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,810$2,030$2,330$2,830$3,570
FY 2026$1,810$2,060$2,360$2,880$3,670
FY 2025$1,530$1,780$2,040$2,510$3,170
FY 2024$1,340$1,570$1,810$2,240$2,820
FY 2023$1,220$1,460$1,690$2,100$2,640

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07628
07620$3,200+37.3%
07621$2,250−3.4%
07624$3,420+46.8%
07626$3,170+36.1%
07627$3,270+40.3%
07628Current$2,330—
07630$2,500+7.3%
07631$2,580+10.7%
07632$3,020+29.6%
07640$3,150+35.2%
07641$2,780+19.3%
07642$2,300−1.3%

Questions about ZIP 07628 rents

How much will Section 8 pay for a two-bedroom in ZIP 07628?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,330, that basic range is $2,097 to $2,563 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 07628 in?

ZIP 07628 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 07628 for FY 2027?

The two-bedroom FMR fell 1.3%, from $2,360 in FY 2026 to $2,330 in FY 2027. Since FY 2023 it has risen 37.9%.

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