FY2027 Small Area FMR · Oak Ridge, NJ
ZIP 07438 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07438 (Oak Ridge, NJ) is $2,210 a month, down 3.5% from FY2026. That is 3% below the Bergen-Passaic, NJ area-wide FMR of $2,282.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 07438 sits in the Bergen-Passaic, NJ area
Of the 114 ZIP codes HUD lists for the area, 07438 has the 81st 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 $1,989 and $2,431 for two bedrooms.
ZIP code 07438 crosses more than one HUD area. HUD also lists it under Newark, NJ (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,630 | $1,467 – $1,793 | $1,772 | $1,680 |
| 1 bedroom | $1,840 | $1,656 – $2,024 | $1,987 | $1,900 |
| 2 bedrooms | $2,210 | $1,989 – $2,431 | $2,282 | $2,290 |
| 3 bedrooms | $2,750 | $2,475 – $3,025 | $2,771 | $2,850 |
| 4 bedrooms | $3,180 | $2,862 – $3,498 | $3,497 | $3,280 |
A household renting a two-bedroom home at the Small Area FMR of $2,210 needs about $88,400 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 07438 lies mainly in Morris County and Passaic County. See the Bergen-Passaic, NJ metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 07438?
HUD's FY2027 Small Area Fair Market Rents for 07438 are $1,630 (studio), $1,840 (1 BR), $2,210 (2 BR), $2,750 (3 BR) and $3,180 (4 BR) a month.
What is the Section 8 payment standard in 07438?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07438 that range is $1,989 to $2,431 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 07438?
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.