Location: Bergen-Passaic, NJ | Metro: Bergen-Passaic, NJ HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,840 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,370 |
| 3 Bedrooms | $2,880 |
| 4 Bedrooms | $3,630 |
| 5 Bedrooms | $4,211 |
| 6 Bedrooms | $4,716 |
| 7 Bedrooms | $5,093 |
| 8 Bedrooms | $5,348 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,370 | $600,062 | 0.39% | F |
| 3BR | $2,880 | $734,597 | 0.39% | F |
| 4BR | $3,630 | $861,964 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP 07075, located in Wood Ridge, NJ, within the Bergen-Passaic, NJ HUD Metro FMR area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for the area in fiscal year 2024 is set at $2190, which is notably lower than the market rent of $2,880. This creates a $690 difference per month, indicating that landlords can expect a consistent, albeit reduced, cash flow from tenants participating in the Section 8 program.
The median home value in ZIP 07075 is $695,204, reflecting a stable and potentially affluent neighborhood. Despite this high median home value, the median income is $136,108, suggesting that many residents might find themselves in need of rental assistance through Section 8. This makes the area attractive for landlords looking to secure long-term, reliable tenancy without the risk of vacancy.
A cash-flow anchor property is crucial for any diversified real estate investment portfolio. It provides a steady stream of income that can offset potential losses or low returns from other investments. In the case of ZIP 07075, the consistent demand for affordable housing and the relatively low FMR compared to market rents ensure that landlords can maintain a predictable cash flow.
While the appreciation potential in ZIP 07075 may be limited due to the lack of specific data on price-cut shares and days on market (DOM), the focus should be on the stability and reliability of the cash flow. This makes it an ideal location for landlords who prioritize steady income over rapid property value increases.
In summary, ZIP 07075 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Landlords can benefit from the consistent demand for subsidized housing and the significant spread between the HUD FMR and market rents, ensuring a reliable source of income from their investment properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.