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Bergen County/Township of Washington/07676

07676

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$2,240$2,460
1 BR$2,520$2,370
2 BR$2,890$3,180
3 BR$3,510$3,860
4 BR$4,430$4,870
5 BR$5,095Not available
6 BR$5,859Not available
7 BR$6,737Not available
8 BR$7,748Not available

Purchase Price Calculator

Maximum purchase price
$410,630

Cost breakdown

+Likely effective rent$3,180
HUD FMR$2,890
Market rent$4,240
Est. payment standard (110%)Used$3,180
-Principal and interest-$2,076
Loan amount$328,504
Down payment$82,126
Rate6.50%
Term30 years
-Operating costs-$904
Property taxes-$411
Insurance-$175
Utilities$0
HOA$0
Management-$318
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,543(61.5% ROI)
Projected value
$442,204
Return breakdown
Property appreciation+$31,574
Loan principal paid down+$11,770
Rental cash flow+$7,200
5-year hold
+$86,948(105.9% ROI)
Projected value
$464,590
Return breakdown
Property appreciation+$53,960
Loan principal paid down+$20,988
Rental cash flow+$12,000
10-year hold
+$189,022(230.2% ROI)
Projected value
$525,641
Return breakdown
Property appreciation+$115,011
Loan principal paid down+$50,011
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.50
1 BR
1.06
2 BR
0.68
3 BR
0.81
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07676 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07676 (Township of Washington, NJ) is $2,890 a month. That is down 3.3% from $2,990 in FY 2026. Township of Washington 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, 07676 has the 21st-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07676 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07676
BedroomsFY 2027Change90–110% range
Studio$2,240−2.2%$2,016–$2,464
1BR$2,520−3.1%$2,268–$2,772
2BR$2,890−3.3%$2,601–$3,179
3BR$3,510−3.8%$3,159–$3,861
4BR$4,430−4.7%$3,987–$4,873

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07676
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,240$2,520$2,890$3,510$4,430
FY 2026$2,290$2,600$2,990$3,650$4,650
FY 2025$2,010$2,340$2,680$3,300$4,170
FY 2024$1,810$2,130$2,450$3,030$3,810
FY 2023$1,740$2,080$2,410$2,990$3,760

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07676
07653$2,420−16.3%
07656$2,630−9.0%
07657$2,510−13.1%
07660$2,130−26.3%
07661$2,370−18.0%
07662$2,210−23.5%
07663$2,590−10.4%
07666$2,380−17.6%
07670$3,420+18.3%
07675$3,040+5.2%
07676Current$2,890—
07677$2,740−5.2%

Questions about ZIP 07676 rents

How much will Section 8 pay for a two-bedroom in ZIP 07676?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,890, that basic range is $2,601 to $3,179 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 07676 in?

ZIP 07676 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 07676 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,990 in FY 2026 to $2,890 in FY 2027. Since FY 2023 it has risen 19.9%.

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 rentTownship of Washington, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources