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Bergen County/Palisades Park/07650

07650

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

29Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$1,610
1 BR$2,200$1,860
2 BR$2,530$2,730
3 BR$3,070$3,380
4 BR$3,880$4,270
5 BR$4,462Not available
6 BR$5,131Not available
7 BR$5,901Not available
8 BR$6,786Not available

Purchase Price Calculator

Maximum purchase price
$343,760

Cost breakdown

+Likely effective rent$2,730
HUD FMR$2,530
Market rent$2,830
Est. payment standard (108%)Used$2,730
-Principal and interest-$1,738
Loan amount$275,008
Down payment$68,752
Rate6.50%
Term30 years
-Operating costs-$792
Property taxes-$344
Insurance-$175
Utilities$0
HOA$0
Management-$273
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,485(63.2% ROI)
Projected value
$370,192
Return breakdown
Property appreciation+$26,432
Loan principal paid down+$9,853
Rental cash flow+$7,200
5-year hold
+$74,743(108.7% ROI)
Projected value
$388,933
Return breakdown
Property appreciation+$45,173
Loan principal paid down+$17,570
Rental cash flow+$12,000
10-year hold
+$162,149(235.8% ROI)
Projected value
$440,042
Return breakdown
Property appreciation+$96,282
Loan principal paid down+$41,867
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.18
2 BR
0.89
3 BR
0.81
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07650 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07650 (Palisades Park, NJ) is $2,530 a month. That is down 2.3% from $2,590 in FY 2026. Palisades Park 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, 07650 has the 35th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07650 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07650
BedroomsFY 2027Change90–110% range
Studio$1,960−1.0%$1,764–$2,156
1BR$2,200−2.7%$1,980–$2,420
2BR$2,530−2.3%$2,277–$2,783
3BR$3,070−2.8%$2,763–$3,377
4BR$3,880−3.7%$3,492–$4,268

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07650
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,200$2,530$3,070$3,880
FY 2026$1,980$2,260$2,590$3,160$4,030
FY 2025$1,740$2,020$2,320$2,860$3,610
FY 2024$1,550$1,820$2,090$2,590$3,250
FY 2023$1,440$1,710$1,990$2,470$3,110

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07650
07643$2,270−10.3%
07644$2,160−14.6%
07645$2,710+7.1%
07646$2,220−12.3%
07647$2,470−2.4%
07648$2,860+13.0%
07649$2,750+8.7%
07650Current$2,530—
07652$3,420+35.2%
07653$2,420−4.3%
07656$2,630+4.0%
07657$2,510−0.8%

Questions about ZIP 07650 rents

How much will Section 8 pay for a two-bedroom in ZIP 07650?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,530, that basic range is $2,277 to $2,783 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 07650 in?

ZIP 07650 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 07650 for FY 2027?

The two-bedroom FMR fell 2.3%, from $2,590 in FY 2026 to $2,530 in FY 2027. Since FY 2023 it has risen 27.1%.

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