FY2027 Small Area FMR · Wanaque, NJ

ZIP 07465 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07465 (Wanaque, NJ) is $2,650 a month, down 8.6% from FY2026. That is 16% above the Bergen-Passaic, NJ area-wide FMR of $2,282.

2-bedroom SAFMR$2,650per month ▼ 8.6%

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

Rank in the area35thof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,385

2 BR Small Area FMR$2,650

110% of SAFMR$2,915

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

Studio$2,060▼ 7.2%

1 BR$2,310▼ 8.7%

2 BR$2,650▼ 8.6%

3 BR$3,220▼ 9.0%

4 BR$4,060▼ 10.0%

FY2027 FY2026

Where 07465 sits in the Bergen-Passaic, NJ area

Of the 114 ZIP codes HUD lists for the area, 07465 has the 35th 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 $2,385 and $2,915 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,060	$1,854 – $2,266	$1,772	$2,220
1 bedroom	$2,310	$2,079 – $2,541	$1,987	$2,530
2 bedrooms	$2,650	$2,385 – $2,915	$2,282	$2,900
3 bedrooms	$3,220	$2,898 – $3,542	$2,771	$3,540
4 bedrooms	$4,060	$3,654 – $4,466	$3,497	$4,510

A household renting a two-bedroom home at the Small Area FMR of $2,650 needs about $106,000 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 07465 lies mainly in Passaic 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
07420	Haskell	2.2 mi	$2,200
07403	Bloomingdale	2.4 mi	$2,290
07480	West Milford	3.2 mi	$1,920
07457	Riverdale	4.2 mi	$3,280
07442	Pompton Lakes	4.3 mi	$2,380
07456	Ringwood	4.7 mi	$2,690

Questions

What is the Fair Market Rent for ZIP code 07465?

HUD's FY2027 Small Area Fair Market Rents for 07465 are $2,060 (studio), $2,310 (1 BR), $2,650 (2 BR), $3,220 (3 BR) and $4,060 (4 BR) a month.

What is the Section 8 payment standard in 07465?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07465 that range is $2,385 to $2,915 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07465?

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.