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Bergen County/Paramus/07652

07652

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$2,660$2,930
1 BR$2,980$2,380
2 BR$3,420$3,760
3 BR$4,150$4,340
4 BR$5,240$5,320
5 BR$6,026Not available
6 BR$6,930Not available
7 BR$7,969Not available
8 BR$9,165Not available

Purchase Price Calculator

Maximum purchase price
$496,818

Cost breakdown

+Likely effective rent$3,760
HUD FMR$3,420
Market rent$4,190
Est. payment standard (110%)Used$3,760
-Principal and interest-$2,512
Loan amount$397,454
Down payment$99,364
Rate6.50%
Term30 years
-Operating costs-$1,048
Property taxes-$497
Insurance-$175
Utilities$0
HOA$0
Management-$376
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,640(60.0% ROI)
Projected value
$535,019
Return breakdown
Property appreciation+$38,201
Loan principal paid down+$14,240
Rental cash flow+$7,200
5-year hold
+$102,679(103.3% ROI)
Projected value
$562,104
Return breakdown
Property appreciation+$65,286
Loan principal paid down+$25,393
Rental cash flow+$12,000
10-year hold
+$223,659(225.1% ROI)
Projected value
$635,969
Return breakdown
Property appreciation+$139,151
Loan principal paid down+$60,508
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
1.25
2 BR
0.82
3 BR
0.93
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07652 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07652 (Paramus, NJ) is $3,420 a month. That is down 2.0% from $3,490 in FY 2026. Paramus 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, 07652 is tied for the highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07652 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07652
BedroomsFY 2027Change90–110% range
Studio$2,660−0.4%$2,394–$2,926
1BR$2,980−2.0%$2,682–$3,278
2BR$3,420−2.0%$3,078–$3,762
3BR$4,150−2.6%$3,735–$4,565
4BR$5,240−3.5%$4,716–$5,764

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07652
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,660$2,980$3,420$4,150$5,240
FY 2026$2,670$3,040$3,490$4,260$5,430
FY 2025$2,340$2,710$3,110$3,830$4,840
FY 2024$2,100$2,470$2,840$3,520$4,420
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. 07652
07644$2,160−36.8%
07645$2,710−20.8%
07646$2,220−35.1%
07647$2,470−27.8%
07648$2,860−16.4%
07649$2,750−19.6%
07650$2,530−26.0%
07652Current$3,420—
07653$2,420−29.2%
07656$2,630−23.1%
07657$2,510−26.6%
07660$2,130−37.7%

Questions about ZIP 07652 rents

How much will Section 8 pay for a two-bedroom in ZIP 07652?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,420, that basic range is $3,078 to $3,762 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 07652 in?

ZIP 07652 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 07652 for FY 2027?

The two-bedroom FMR fell 2.0%, from $3,490 in FY 2026 to $3,420 in FY 2027. Since FY 2023 it has risen 24.4%.

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