Skip to main content
Loading page
Warren County/Vienna/07880

07880

ZIPSAFMR
Warren County, NJ
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,910$2,100
1 BR$1,950$1,880
2 BR$2,410$2,380
3 BR$2,970$3,200
4 BR$3,510$3,520
5 BR$4,036Not available
6 BR$4,642Not available
7 BR$5,338Not available
8 BR$6,139Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,410
Market rentUsed$2,380
Est. payment standard (99%)$2,390
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.79
1 BR
1.04
2 BR
1.01
3 BR
0.89
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07880 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07880 (Vienna, NJ) is $2,410 a month. That is up 4.3% from $2,310 in FY 2026. Vienna is in the Warren County, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,021. Among 23 ZIP codes in Warren County, 07880 is tied for the 7th-highest two-bedroom rent (county range $1,710–$2,780). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07880 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07880
BedroomsFY 2027Change90–110% range
Studio$1,910+3.8%$1,719–$2,101
1BR$1,950+4.3%$1,755–$2,145
2BR$2,410+4.3%$2,169–$2,651
3BR$2,970+1.4%$2,673–$3,267
4BR$3,510+2.9%$3,159–$3,861

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07880
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,910$1,950$2,410$2,970$3,510
FY 2026$1,840$1,870$2,310$2,930$3,410
FY 2025$1,630$1,660$2,010$2,570$3,000
FY 2024$1,340$1,470$1,770$2,240$2,610
FY 2023$1,260$1,400$1,700$2,110$2,440

Two-bedroom rent in nearby Warren County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07880
07832$2,520+4.6%
07833$2,120−12.0%
07838$2,730+13.3%
07840$2,070−14.1%
07844$1,830−24.1%
07846$2,300−4.6%
07860$2,010−16.6%
07863$2,240−7.1%
07865$2,550+5.8%
07874$2,4100.0%
07880Current$2,410—
07882$2,240−7.1%

Questions about ZIP 07880 rents

How much will Section 8 pay for a two-bedroom in ZIP 07880?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,021, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,819 to $2,223 a month; under the ZIP-level Small Area FMR of $2,410 it would be $2,169 to $2,651. 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 07880 in?

ZIP 07880 is in the Warren County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,021.

How much did fair market rent change in ZIP 07880 for FY 2027?

The two-bedroom FMR rose 4.3%, from $2,310 in FY 2026 to $2,410 in FY 2027. Since FY 2023 it has risen 41.8%.

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