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RentData.org Logo Bergen-Passaic Fair Market Rent FY 2018 Bergen-Passaic, NJ HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Bergen-Passaic, NJ :
$1,246 $1,439 $1,691 $2,161 $2,562
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

Fair Market Rent prices in Bergen-Passaic are very high compared to the national average. This FMR area is more expensive than 99% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bergen-Passaic is $1,691 per month.

The previous year, rent for a two-bedroom home was $1,557 per month. This is a 8.61% increase year-over-year.

This FMR rate applies to Teterboro, NJ, Alpine, NJ, South Hackensack, NJ, Moonachie, NJ, Haworth, NJ, Ho Ho Kus, NJ, Haskell, NJ, Northvale, NJ, Harrington Park, NJ, Demarest, NJ and other cities within the region. The Metro Code or CBSA code for this region is METRO35620MM0875.

Additionally, This Fair Market Rent (FMR) area Bergen-Passaic, NJ HUD Metro FMR Area spans two counties or cities in New Jersey which ares listed in the table below. Estimated population of Bergen-Passaic, NJ HUD Metro FMR Area FMR area is 1,406,342 people based on 2010 Census data.

Compared to the rest of New Jersey, the Bergen-Passaic FMR area is more expensive than 91% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bergen-Passaic. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bergen-Passaic

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1246
1-BR 1-Bedroom $ 1439
2-BR 2-Bedroom $ 1691
3-BR 3-Bedroom $ 2161
4-BR 4-Bedroom $ 2562
Change Year:

The counties, cities, towns, and regions listed below fall into the Bergen-Passaic, NJ HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: New York.

County / Region Est. Population
Bergen County, NJ Metro 905,116
Passaic County, NJ Metro 501,226
Zip Codes in Bergen-Passaic, NJ HUD Metro FMR Area

There are 106 unique zip codes in this Fair Market Rent (FMR) area:

07010, 07011, 07012, 07013, 07014, 07015, 07020, 07022, 07024, 07026, 07031, 07032, 07047, 07055, 07057, 07070, 07071, 07072, 07073, 07074, 07075, 07401, 07407, 07410, 07417, 07420, 07421, 07423, 07430, 07432, 07436, 07442, 07446, 07450, 07451, 07452, 07456, 07458, 07463, 07465, 07470, 07474, 07480, 07481, 07495, 07501, 07502, 07503, 07504, 07505, 07506, 07507, 07508, 07509, 07510, 07511, 07512, 07513, 07514, 07522, 07524, 07538, 07543, 07544, 07601, 07602, 07603, 07604, 07605, 07606, 07607, 07608, 07620, 07621, 07624, 07626, 07627, 07628, 07630, 07631, 07632, 07640, 07641, 07642, 07643, 07644, 07645, 07646, 07647, 07648, 07649, 07650, 07652, 07653, 07656, 07657, 07660, 07661, 07662, 07663, 07666, 07670, 07675, 07676, 07677 and 07699

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