FY2027 Small Area FMR · Bloomfield, NJ

ZIP 07003 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07003 (Bloomfield, NJ) is $2,600 a month, up 4.4% from FY2026. That is 16% above the Newark, NJ area-wide FMR of $2,233.

2-bedroom SAFMR$2,600per month ▲ 4.4%

Area-wide 2 BR FMR$2,233Newark, NJ

Rank in the area59thof 161 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,340

2 BR Small Area FMR$2,600

110% of SAFMR$2,860

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,910▲ 4.9%

1 BR$2,150▲ 4.4%

2 BR$2,600▲ 4.4%

3 BR$3,240▲ 3.8%

4 BR$3,710▲ 4.8%

FY2027 FY2026

Where 07003 sits in the Newark, NJ area

Of the 161 ZIP codes HUD lists for the area, 07003 has the 59th highest two-bedroom Small Area FMR. Newark, NJ is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,233 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,600 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,910	$1,719 – $2,101	$1,637	$1,820
1 bedroom	$2,150	$1,935 – $2,365	$1,850	$2,060
2 bedrooms	$2,600	$2,340 – $2,860	$2,233	$2,490
3 bedrooms	$3,240	$2,916 – $3,564	$2,785	$3,120
4 bedrooms	$3,710	$3,339 – $4,081	$3,188	$3,540

A household renting a two-bedroom home at the Small Area FMR of $2,600 needs about $104,000 a year to keep housing costs at 30% of income. The area median family income is $138,400 and the 80% low-income limit for four people is $106,800. ZIP code 07003 lies mainly in Essex County. See the Newark, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
07028	Glen Ridge	1.0 mi	$3,220
07042	Montclair	1.6 mi	$2,940
07109	Belleville	1.7 mi	$2,300
07110	Nutley	1.8 mi	$2,310
07043	Montclair	2.6 mi	$3,190
07017	East Orange	2.8 mi	$1,990

Questions

What is the Fair Market Rent for ZIP code 07003?

HUD's FY2027 Small Area Fair Market Rents for 07003 are $1,910 (studio), $2,150 (1 BR), $2,600 (2 BR), $3,240 (3 BR) and $3,710 (4 BR) a month.

What is the Section 8 payment standard in 07003?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07003 that range is $2,340 to $2,860 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07003?

The FY2026 income limits of the Newark, NJ area apply: median family income $138,400, low-income (80%) limit $106,800 for a family of four.