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Bergen County/Woodcliff Lake/07677

07677

ZIPSAFMR
Bergen County, NJ
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$2,130$2,340
1 BR$2,390$2,590
2 BR$2,740$3,010
3 BR$3,330$3,660
4 BR$4,210$4,630
5 BR$4,842Not available
6 BR$5,568Not available
7 BR$6,403Not available
8 BR$7,363Not available

Purchase Price Calculator

Maximum purchase price
$385,368

Cost breakdown

+Likely effective rent$3,010
HUD FMR$2,740
Market rent$3,680
Est. payment standard (110%)Used$3,010
-Principal and interest-$1,949
Loan amount$308,295
Down payment$77,074
Rate6.50%
Term30 years
-Operating costs-$861
Property taxes-$385
Insurance-$175
Utilities$0
HOA$0
Management-$301
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,877(62.1% ROI)
Projected value
$414,999
Return breakdown
Property appreciation+$29,631
Loan principal paid down+$11,045
Rental cash flow+$7,200
5-year hold
+$82,338(106.8% ROI)
Projected value
$436,009
Return breakdown
Property appreciation+$50,641
Loan principal paid down+$19,697
Rental cash flow+$12,000
10-year hold
+$178,870(232.1% ROI)
Projected value
$493,304
Return breakdown
Property appreciation+$107,936
Loan principal paid down+$46,934
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.53
1 BR
0.89
2 BR
0.74
3 BR
0.80
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07677 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07677 (Woodcliff Lake, NJ) is $2,740 a month. That is down 8.7% from $3,000 in FY 2026. Woodcliff Lake 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, 07677 has the 26th-highest two-bedroom rent (county range $1,440–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07677 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07677
BedroomsFY 2027Change90–110% range
Studio$2,130−7.4%$1,917–$2,343
1BR$2,390−8.4%$2,151–$2,629
2BR$2,740−8.7%$2,466–$3,014
3BR$3,330−9.0%$2,997–$3,663
4BR$4,210−9.9%$3,789–$4,631

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07677
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,130$2,390$2,740$3,330$4,210
FY 2026$2,300$2,610$3,000$3,660$4,670
FY 2025$1,890$2,200$2,520$3,100$3,920
FY 2024$1,820$2,140$2,460$3,050$3,830
FY 2023$1,770$2,120$2,460$3,050$3,840

Two-bedroom rent in nearby Bergen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07677
07656$2,630−4.0%
07657$2,510−8.4%
07660$2,130−22.3%
07661$2,370−13.5%
07662$2,210−19.3%
07663$2,590−5.5%
07666$2,380−13.1%
07670$3,420+24.8%
07675$3,040+10.9%
07676$2,890+5.5%
07677Current$2,740—
07699$2,420−11.7%

Questions about ZIP 07677 rents

How much will Section 8 pay for a two-bedroom in ZIP 07677?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,740, that basic range is $2,466 to $3,014 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 07677 in?

ZIP 07677 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 07677 for FY 2027?

The two-bedroom FMR fell 8.7%, from $3,000 in FY 2026 to $2,740 in FY 2027. Since FY 2023 it has risen 11.4%.

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