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Bergen County/Lodi/07644

07644

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,850
1 BR$1,880$1,980
2 BR$2,160$2,380
3 BR$2,620$2,880
4 BR$3,310$3,270
5 BR$3,806Not available
6 BR$4,377Not available
7 BR$5,034Not available
8 BR$5,789Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,160
Market rent$2,600
Est. payment standard (110%)Used$2,380
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.93
2 BR
0.83
3 BR
0.86
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07644 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07644 (Lodi, NJ) is $2,160 a month. That is down 1.8% from $2,200 in FY 2026. Lodi 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, 07644 has the 66th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07644 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07644
BedroomsFY 2027Change90–110% range
Studio$1,6800.0%$1,512–$1,848
1BR$1,880−2.1%$1,692–$2,068
2BR$2,160−1.8%$1,944–$2,376
3BR$2,620−2.2%$2,358–$2,882
4BR$3,310−3.2%$2,979–$3,641

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07644
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,880$2,160$2,620$3,310
FY 2026$1,680$1,920$2,200$2,680$3,420
FY 2025$1,470$1,710$1,960$2,410$3,050
FY 2024$1,320$1,550$1,780$2,200$2,770
FY 2023$1,250$1,490$1,730$2,150$2,700

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07644
07640$3,150+45.8%
07641$2,780+28.7%
07642$2,300+6.5%
07643$2,270+5.1%
07644Current$2,160—
07645$2,710+25.5%
07646$2,220+2.8%
07647$2,470+14.4%
07648$2,860+32.4%
07649$2,750+27.3%
07650$2,530+17.1%
07652$3,420+58.3%

Questions about ZIP 07644 rents

How much will Section 8 pay for a two-bedroom in ZIP 07644?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,160, that basic range is $1,944 to $2,376 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 07644 in?

ZIP 07644 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 07644 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,200 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 24.9%.

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