FY2027 Small Area FMR · Mahwah, NJ

ZIP 07430 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07430 (Mahwah, NJ) is $2,880 a month, down 5.0% from FY2026. That is 26% above the Bergen-Passaic, NJ area-wide FMR of $2,282.

2-bedroom SAFMR$2,880per month ▼ 5.0%

Area-wide 2 BR FMR$2,282Bergen-Passaic, NJ

Rank in the area24thof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,592

2 BR Small Area FMR$2,880

110% of SAFMR$3,168

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

Studio$2,240▼ 3.4%

1 BR$2,510▼ 4.9%

2 BR$2,880▼ 5.0%

3 BR$3,500▼ 5.4%

4 BR$4,410▼ 6.6%

FY2027 FY2026

Where 07430 sits in the Bergen-Passaic, NJ area

Of the 114 ZIP codes HUD lists for the area, 07430 has the 24th highest two-bedroom Small Area FMR. Bergen-Passaic, NJ is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,592 and $3,168 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,240	$2,016 – $2,464	$1,772	$2,320
1 bedroom	$2,510	$2,259 – $2,761	$1,987	$2,640
2 bedrooms	$2,880	$2,592 – $3,168	$2,282	$3,030
3 bedrooms	$3,500	$3,150 – $3,850	$2,771	$3,700
4 bedrooms	$4,410	$3,969 – $4,851	$3,497	$4,720

A household renting a two-bedroom home at the Small Area FMR of $2,880 needs about $115,200 a year to keep housing costs at 30% of income. The area median family income is $139,100 and the 80% low-income limit for four people is $108,400. ZIP code 07430 lies mainly in Bergen County. See the Bergen-Passaic, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
07446	Ramsey	2.5 mi	$3,020
07401	Allendale	4.3 mi	$3,330
07456	Ringwood	4.3 mi	$2,690
07436	Oakland	4.6 mi	$2,110
10931	Hillburn	4.8 mi	$3,170
07458	Saddle River	5.1 mi	$2,970

Questions

What is the Fair Market Rent for ZIP code 07430?

HUD's FY2027 Small Area Fair Market Rents for 07430 are $2,240 (studio), $2,510 (1 BR), $2,880 (2 BR), $3,500 (3 BR) and $4,410 (4 BR) a month.

What is the Section 8 payment standard in 07430?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07430 that range is $2,592 to $3,168 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07430?

The FY2026 income limits of the Bergen-Passaic, NJ area apply: median family income $139,100, low-income (80%) limit $108,400 for a family of four.