FY2027 Small Area FMR · Palisades Park, NJ

ZIP 07650 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07650 (Palisades Park, NJ) is $2,530 a month, down 2.3% from FY2026. That is 11% above the Bergen-Passaic, NJ area-wide FMR of $2,282.

2-bedroom SAFMR$2,530per month ▼ 2.3%

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

Rank in the area43rdof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,277

2 BR Small Area FMR$2,530

110% of SAFMR$2,783

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

Studio$1,960▼ 1.0%

1 BR$2,200▼ 2.7%

2 BR$2,530▼ 2.3%

3 BR$3,070▼ 2.8%

4 BR$3,880▼ 3.7%

FY2027 FY2026

Where 07650 sits in the Bergen-Passaic, NJ area

Of the 114 ZIP codes HUD lists for the area, 07650 has the 43rd 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 $2,277 and $2,783 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,960	$1,764 – $2,156	$1,772	$1,980
1 bedroom	$2,200	$1,980 – $2,420	$1,987	$2,260
2 bedrooms	$2,530	$2,277 – $2,783	$2,282	$2,590
3 bedrooms	$3,070	$2,763 – $3,377	$2,771	$3,160
4 bedrooms	$3,880	$3,492 – $4,268	$3,497	$4,030

A household renting a two-bedroom home at the Small Area FMR of $2,530 needs about $101,200 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 07650 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
07605	Leonia	1.2 mi	$2,670
07660	Ridgefield Park	1.3 mi	$2,130
07657	Ridgefield	1.3 mi	$2,510
07024	Fort Lee	1.4 mi	$3,360
07010	Cliffside Park	1.8 mi	$2,340
07022	Fairview	1.8 mi	$2,120

Questions

What is the Fair Market Rent for ZIP code 07650?

HUD's FY2027 Small Area Fair Market Rents for 07650 are $1,960 (studio), $2,200 (1 BR), $2,530 (2 BR), $3,070 (3 BR) and $3,880 (4 BR) a month.

What is the Section 8 payment standard in 07650?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07650 that range is $2,277 to $2,783 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07650?

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.