Passaic County, NJ

2024 Fair Market Rents

Tags: 2024 SAFMRS Bergen-Passaic, NJ HUD Metro FMR Area

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The top four largest cities in Passaic County are Wayne, Clifton, Paterson, and West Milford. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Passaic County use?

Passaic County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Passaic County compare?

Passaic County ($1,892) has a 0.2% higher FMR for 2-Bedroom housing than the average of New Jersey ($1,889) and therefore a higher gross rent.

Passaic County is rank 12th out of 21 counties. This means the FMRs, or in other words, the gross rent is lower than 11 other counties. Passaic County is the 10th cheapest county in terms of FMRs.

Rent Tables Passaic County, NJ

Fair Market Rent (40th Percentile)

$1,400
studio
$1,645
1-Bedroom
$1,892
2-Bedroom
$2,342
3-Bedroom
$2,946
4-Bedroom

Median Rent (50th Percentile)

$1,528
studio
$1,796
1-Bedroom
$2,065
2-Bedroom
$2,557
3-Bedroom
$3,215
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07011 $1,380 $1,630 $1,870 $2,320 $2,910
07012 $1,380 $1,630 $1,870 $2,320 $2,910
07013 $1,370 $1,610 $1,850 $2,290 $2,880
07014 $1,640 $1,930 $2,220 $2,750 $3,460
07015 $1,290 $1,510 $1,740 $2,150 $2,710
07420 $1,510 $1,770 $2,040 $2,530 $3,180
07421 $1,880 $2,210 $2,550 $3,160 $3,950
07442 $1,430 $1,680 $1,930 $2,390 $3,010
07456 $1,800 $2,110 $2,430 $3,010 $3,780
07465 $1,710 $2,010 $2,310 $2,860 $3,600
07470 $1,590 $1,870 $2,150 $2,660 $3,350
07474 $1,290 $1,510 $1,740 $2,150 $2,710
07480 $1,440 $1,690 $1,940 $2,400 $3,020
07501 $1,120 $1,310 $1,510 $1,870 $2,350
07502 $1,240 $1,450 $1,670 $2,070 $2,600
07503 $1,260 $1,480 $1,700 $2,100 $2,650
07504 $1,250 $1,470 $1,690 $2,090 $2,630
07505 $980 $1,160 $1,330 $1,650 $2,070
07507 $1,290 $1,510 $1,740 $2,150 $2,710
07509 $1,290 $1,510 $1,740 $2,150 $2,710
07511 $1,290 $1,510 $1,740 $2,150 $2,710
07512 $1,400 $1,640 $1,890 $2,340 $2,940
07513 $1,300 $1,520 $1,750 $2,170 $2,720
07514 $1,180 $1,380 $1,590 $1,970 $2,480
07522 $1,180 $1,380 $1,590 $1,970 $2,480
07524 $1,200 $1,410 $1,620 $2,010 $2,520
07538 $1,290 $1,510 $1,740 $2,150 $2,710
07543 $1,290 $1,510 $1,740 $2,150 $2,710
07544 $1,290 $1,510 $1,740 $2,150 $2,710
07421 $1,880 $2,210 $2,550 $3,160 $3,950
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07011 $1,242 $1,467 $1,683 $2,088 $2,619
07012 $1,242 $1,467 $1,683 $2,088 $2,619
07013 $1,233 $1,449 $1,665 $2,061 $2,592
07014 $1,476 $1,737 $1,998 $2,475 $3,114
07015 $1,161 $1,359 $1,566 $1,935 $2,439
07420 $1,359 $1,593 $1,836 $2,277 $2,862
07421 $1,692 $1,989 $2,295 $2,844 $3,555
07442 $1,287 $1,512 $1,737 $2,151 $2,709
07456 $1,620 $1,899 $2,187 $2,709 $3,402
07465 $1,539 $1,809 $2,079 $2,574 $3,240
07470 $1,431 $1,683 $1,935 $2,394 $3,015
07474 $1,161 $1,359 $1,566 $1,935 $2,439
07480 $1,296 $1,521 $1,746 $2,160 $2,718
07501 $1,008 $1,179 $1,359 $1,683 $2,115
07502 $1,116 $1,305 $1,503 $1,863 $2,340
07503 $1,134 $1,332 $1,530 $1,890 $2,385
07504 $1,125 $1,323 $1,521 $1,881 $2,367
07505 $882 $1,044 $1,197 $1,485 $1,863
07507 $1,161 $1,359 $1,566 $1,935 $2,439
07509 $1,161 $1,359 $1,566 $1,935 $2,439
07511 $1,161 $1,359 $1,566 $1,935 $2,439
07512 $1,260 $1,476 $1,701 $2,106 $2,646
07513 $1,170 $1,368 $1,575 $1,953 $2,448
07514 $1,062 $1,242 $1,431 $1,773 $2,232
07522 $1,062 $1,242 $1,431 $1,773 $2,232
07524 $1,080 $1,269 $1,458 $1,809 $2,268
07538 $1,161 $1,359 $1,566 $1,935 $2,439
07543 $1,161 $1,359 $1,566 $1,935 $2,439
07544 $1,161 $1,359 $1,566 $1,935 $2,439
07421 $1,692 $1,989 $2,295 $2,844 $3,555
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07011 $1,518 $1,793 $2,057 $2,552 $3,201
07012 $1,518 $1,793 $2,057 $2,552 $3,201
07013 $1,507 $1,771 $2,035 $2,519 $3,168
07014 $1,804 $2,123 $2,442 $3,025 $3,806
07015 $1,419 $1,661 $1,914 $2,365 $2,981
07420 $1,661 $1,947 $2,244 $2,783 $3,498
07421 $2,068 $2,431 $2,805 $3,476 $4,345
07442 $1,573 $1,848 $2,123 $2,629 $3,311
07456 $1,980 $2,321 $2,673 $3,311 $4,158
07465 $1,881 $2,211 $2,541 $3,146 $3,960
07470 $1,749 $2,057 $2,365 $2,926 $3,685
07474 $1,419 $1,661 $1,914 $2,365 $2,981
07480 $1,584 $1,859 $2,134 $2,640 $3,322
07501 $1,232 $1,441 $1,661 $2,057 $2,585
07502 $1,364 $1,595 $1,837 $2,277 $2,860
07503 $1,386 $1,628 $1,870 $2,310 $2,915
07504 $1,375 $1,617 $1,859 $2,299 $2,893
07505 $1,078 $1,276 $1,463 $1,815 $2,277
07507 $1,419 $1,661 $1,914 $2,365 $2,981
07509 $1,419 $1,661 $1,914 $2,365 $2,981
07511 $1,419 $1,661 $1,914 $2,365 $2,981
07512 $1,540 $1,804 $2,079 $2,574 $3,234
07513 $1,430 $1,672 $1,925 $2,387 $2,992
07514 $1,298 $1,518 $1,749 $2,167 $2,728
07522 $1,298 $1,518 $1,749 $2,167 $2,728
07524 $1,320 $1,551 $1,782 $2,211 $2,772
07538 $1,419 $1,661 $1,914 $2,365 $2,981
07543 $1,419 $1,661 $1,914 $2,365 $2,981
07544 $1,419 $1,661 $1,914 $2,365 $2,981
07421 $2,068 $2,431 $2,805 $3,476 $4,345

Fair Market Rents on this page apply to the following cities in Passaic County, New Jersey: Wayne, Clifton, Paterson, West Milford, Ringwood, Pompton Lakes, Totowa, Hewitt, Wanaque, Haskell, Hawthorne, and Haledon.

These Fair Market Rents also apply to the following ZIP codes in Passaic County, New Jersey: 07470, 07011, 07013, 07501, 07522, 07503, 07480, 07514, 07502, 07456, 07012, 07504, 07524, 07513, 07442, 07512, 07421, 07465, 07014, and 07420.

Passaic County, NJ is considered part of the following metro FMR area: BERGEN-PASSAIC, NJ HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Bergen County, NJ.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.