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Bergen County/River Edge/07661

07661

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

37Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$2,020
1 BR$2,060$2,180
2 BR$2,370$2,610
3 BR$2,880$3,170
4 BR$3,630$3,990
5 BR$4,175Not available
6 BR$4,801Not available
7 BR$5,521Not available
8 BR$6,349Not available

Purchase Price Calculator

Maximum purchase price
$325,928

Cost breakdown

+Likely effective rent$2,610
HUD FMR$2,370
Market rent$3,860
Est. payment standard (110%)Used$2,610
-Principal and interest-$1,648
Loan amount$260,743
Down payment$65,186
Rate6.50%
Term30 years
-Operating costs-$762
Property taxes-$326
Insurance-$175
Utilities$0
HOA$0
Management-$261
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,603(63.8% ROI)
Projected value
$350,989
Return breakdown
Property appreciation+$25,061
Loan principal paid down+$9,342
Rental cash flow+$7,200
5-year hold
+$71,489(109.7% ROI)
Projected value
$368,758
Return breakdown
Property appreciation+$42,830
Loan principal paid down+$16,659
Rental cash flow+$12,000
10-year hold
+$154,983(237.8% ROI)
Projected value
$417,216
Return breakdown
Property appreciation+$91,288
Loan principal paid down+$39,695
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.57
1 BR
0.92
2 BR
0.61
3 BR
0.72
4 BR
0.72
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07661 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07661 (River Edge, NJ) is $2,370 a month. That is down 3.7% from $2,460 in FY 2026. River Edge 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, 07661 is tied for the 53rd-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07661 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07661
BedroomsFY 2027Change90–110% range
Studio$1,840−2.1%$1,656–$2,024
1BR$2,060−3.7%$1,854–$2,266
2BR$2,370−3.7%$2,133–$2,607
3BR$2,880−4.0%$2,592–$3,168
4BR$3,630−5.2%$3,267–$3,993

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07661
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$2,060$2,370$2,880$3,630
FY 2026$1,880$2,140$2,460$3,000$3,830
FY 2025$1,670$1,940$2,230$2,740$3,470
FY 2024$1,550$1,830$2,100$2,600$3,270
FY 2023$1,490$1,780$2,060$2,560$3,210

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07661
07649$2,750+16.0%
07650$2,530+6.8%
07652$3,420+44.3%
07653$2,420+2.1%
07656$2,630+11.0%
07657$2,510+5.9%
07660$2,130−10.1%
07661Current$2,370—
07662$2,210−6.8%
07663$2,590+9.3%
07666$2,380+0.4%
07670$3,420+44.3%

Questions about ZIP 07661 rents

How much will Section 8 pay for a two-bedroom in ZIP 07661?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 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 07661 in?

ZIP 07661 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 07661 for FY 2027?

The two-bedroom FMR fell 3.7%, from $2,460 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 15.0%.

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