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Morris County/Green Village/07935

07935

ZIPSAFMR
Morris County, NJ
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$2,420$2,660
1 BR$2,730$2,490
2 BR$3,300$3,260
3 BR$4,120$4,350
4 BR$4,710$5,180
5 BR$5,417Not available
6 BR$6,229Not available
7 BR$7,163Not available
8 BR$8,238Not available

Purchase Price Calculator

Maximum purchase price
$422,518

Cost breakdown

+Likely effective rent$3,260
HUD FMR$3,300
Market rentUsed$3,260
Est. payment standard (99%)$3,270
-Principal and interest-$2,136
Loan amount$338,015
Down payment$84,504
Rate6.50%
Term30 years
-Operating costs-$924
Property taxes-$423
Insurance-$175
Utilities$0
HOA$0
Management-$326
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,798(61.3% ROI)
Projected value
$455,006
Return breakdown
Property appreciation+$32,488
Loan principal paid down+$12,110
Rental cash flow+$7,200
5-year hold
+$89,118(105.5% ROI)
Projected value
$478,041
Return breakdown
Property appreciation+$55,522
Loan principal paid down+$21,596
Rental cash flow+$12,000
10-year hold
+$193,800(229.3% ROI)
Projected value
$540,859
Return breakdown
Property appreciation+$118,341
Loan principal paid down+$51,459
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
1.10
2 BR
1.01
3 BR
0.92
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07935 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07935 (Green Village, NJ) is $3,300 a month. That is up 2.5% from $3,220 in FY 2026. Green Village is in the Newark, 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 $2,233. Among 65 ZIP codes in Morris County, 07935 has the 9th-highest two-bedroom rent (county range $1,990–$3,390). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07935 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07935
BedroomsFY 2027Change90–110% range
Studio$2,420+3.0%$2,178–$2,662
1BR$2,730+2.6%$2,457–$3,003
2BR$3,300+2.5%$2,970–$3,630
3BR$4,120+2.2%$3,708–$4,532
4BR$4,710+2.8%$4,239–$5,181

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07935
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,420$2,730$3,300$4,120$4,710
FY 2026$2,350$2,660$3,220$4,030$4,580
FY 2025$2,230$2,540$3,080$3,880$4,410
FY 2024$1,880$2,170$2,620$3,310$3,820
FY 2023$1,550$1,840$2,210$2,810$3,300

Two-bedroom rent in nearby Morris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07935
07926$3,340+1.2%
07927$3,350+1.5%
07928$3,250−1.5%
07930$2,570−22.1%
07931$2,980−9.7%
07932$3,350+1.5%
07933$2,610−20.9%
07934$2,750−16.7%
07935Current$3,300—
07936$3,350+1.5%
07940$3,040−7.9%
07945$2,980−9.7%

Questions about ZIP 07935 rents

How much will Section 8 pay for a two-bedroom in ZIP 07935?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $3,300 it would be $2,970 to $3,630. 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 07935 in?

ZIP 07935 is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.

How much did fair market rent change in ZIP 07935 for FY 2027?

The two-bedroom FMR rose 2.5%, from $3,220 in FY 2026 to $3,300 in FY 2027. Since FY 2023 it has risen 49.3%.

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