Skip to main content
Loading page
Bergen County/Englewood Cliffs/07632

07632

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$2,350$2,590
1 BR$2,630$2,210
2 BR$3,020$3,320
3 BR$3,670$4,040
4 BR$4,630$5,090
5 BR$5,325Not available
6 BR$6,123Not available
7 BR$7,042Not available
8 BR$8,098Not available

Purchase Price Calculator

Maximum purchase price
$431,434

Cost breakdown

+Likely effective rent$3,320
HUD FMR$3,020
Market rent$4,290
Est. payment standard (110%)Used$3,320
-Principal and interest-$2,182
Loan amount$345,147
Down payment$86,287
Rate6.50%
Term30 years
-Operating costs-$938
Property taxes-$431
Insurance-$175
Utilities$0
HOA$0
Management-$332
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,739(61.1% ROI)
Projected value
$464,607
Return breakdown
Property appreciation+$33,173
Loan principal paid down+$12,366
Rental cash flow+$7,200
5-year hold
+$90,746(105.2% ROI)
Projected value
$488,128
Return breakdown
Property appreciation+$56,694
Loan principal paid down+$22,052
Rental cash flow+$12,000
10-year hold
+$197,383(228.8% ROI)
Projected value
$552,272
Return breakdown
Property appreciation+$120,838
Loan principal paid down+$52,545
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.66
1 BR
1.19
2 BR
0.70
3 BR
0.71
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07632 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07632 (Englewood Cliffs, NJ) is $3,020 a month. That is down 1.0% from $3,050 in FY 2026. Englewood Cliffs 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, 07632 is tied for the 18th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07632 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07632
BedroomsFY 2027Change90–110% range
Studio$2,350+0.9%$2,115–$2,585
1BR$2,630−0.8%$2,367–$2,893
2BR$3,020−1.0%$2,718–$3,322
3BR$3,670−1.3%$3,303–$4,037
4BR$4,630−2.5%$4,167–$5,093

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07632
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,350$2,630$3,020$3,670$4,630
FY 2026$2,330$2,650$3,050$3,720$4,750
FY 2025$2,010$2,330$2,680$3,290$4,170
FY 2024$1,820$2,140$2,480$3,070$3,870
FY 2023$1,980$2,370$2,750$3,410$4,290

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07632
07621$2,250−25.5%
07624$3,420+13.2%
07626$3,170+5.0%
07627$3,270+8.3%
07628$2,330−22.8%
07630$2,500−17.2%
07631$2,580−14.6%
07632Current$3,020—
07640$3,150+4.3%
07641$2,780−7.9%
07642$2,300−23.8%
07643$2,270−24.8%

Questions about ZIP 07632 rents

How much will Section 8 pay for a two-bedroom in ZIP 07632?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,020, that basic range is $2,718 to $3,322 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 07632 in?

ZIP 07632 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 07632 for FY 2027?

The two-bedroom FMR fell 1.0%, from $3,050 in FY 2026 to $3,020 in FY 2027. Since FY 2023 it has risen 9.8%.

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