FY2027 Small Area FMR · Montvale, NJ

ZIP 07645 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07645 (Montvale, NJ) is $2,710 a month, down 4.6% from FY2026. That is 19% above the Bergen-Passaic, NJ area-wide FMR of $2,282.

2-bedroom SAFMR$2,710per month ▼ 4.6%

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

Rank in the area31stof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,439

2 BR Small Area FMR$2,710

110% of SAFMR$2,981

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

Studio$2,100▼ 3.2%

1 BR$2,360▼ 4.5%

2 BR$2,710▼ 4.6%

3 BR$3,290▼ 4.9%

4 BR$4,150▼ 6.1%

FY2027 FY2026

Where 07645 sits in the Bergen-Passaic, NJ area

Of the 114 ZIP codes HUD lists for the area, 07645 has the 31st 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 $2,439 and $2,981 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,100	$1,890 – $2,310	$1,772	$2,170
1 bedroom	$2,360	$2,124 – $2,596	$1,987	$2,470
2 bedrooms	$2,710	$2,439 – $2,981	$2,282	$2,840
3 bedrooms	$3,290	$2,961 – $3,619	$2,771	$3,460
4 bedrooms	$4,150	$3,735 – $4,565	$3,497	$4,420

A household renting a two-bedroom home at the Small Area FMR of $2,710 needs about $108,400 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 07645 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
07656	Park Ridge	1.3 mi	$2,630
10965	Pearl River	2.1 mi	$3,040
07677	Woodcliff Lake	2.2 mi	$2,740
07458	Saddle River	2.6 mi	$2,970
07642	Hillsdale	3.2 mi	$2,300
10954	Nanuet	3.5 mi	$3,570

Questions

What is the Fair Market Rent for ZIP code 07645?

HUD's FY2027 Small Area Fair Market Rents for 07645 are $2,100 (studio), $2,360 (1 BR), $2,710 (2 BR), $3,290 (3 BR) and $4,150 (4 BR) a month.

What is the Section 8 payment standard in 07645?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07645 that range is $2,439 to $2,981 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07645?

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.