ZIP 07643 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 07643 in the Bergen-Passaic, NJ FMR area.

$1,760Efficiency
$1,9801 bedroom
$2,2702 bedrooms
$2,7603 bedrooms
$3,4804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,760$1,584$1,936$1,772
1 bedroom$1,980$1,782$2,178$1,987
2 bedrooms$2,270$2,043$2,497$2,282
3 bedrooms$2,760$2,484$3,036$2,771
4 bedrooms$3,480$3,132$3,828$3,497

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 07643

$67,041average adjusted gross income per tax return (2022)
$53,732average salaries and wages per return
5,800tax returns filed
41%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.4%
$25,000 to $50,00022.1%
$50,000 to $75,00018.3%
$75,000 to $100,00011.7%
$100,000 to $200,00015.5%
$200,000 or more4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 07643?

HUD's FY2027 Small Area FMRs for ZIP 07643 (Bergen-Passaic, NJ) are $1,760 efficiency, $1,980 one bedroom, $2,270 two bedrooms, $2,760 three and $3,480 four bedrooms.

What payment standard can a housing authority set in ZIP 07643?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,043 to $2,497.

How affordable is rent in ZIP 07643?

Tax returns filed from ZIP 07643 reported an average adjusted gross income of $67,041 (2022). A two-bedroom unit at the Small Area FMR costs $27,240 a year, or 41% of that income.