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 | $2,350 |
| 1 Bedroom | $2,630 |
| 2 Bedrooms | $3,020 |
| 3 Bedrooms | $3,670 |
| 4 Bedrooms | $4,630 |
| 5 Bedrooms | $5,371 |
| 6 Bedrooms | $6,016 |
| 7 Bedrooms | $6,497 |
| 8 Bedrooms | $6,822 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,630 | $313,116 | 0.84% | C |
| 2BR | $3,020 | $556,054 | 0.54% | F |
| 3BR | $3,670 | $854,430 | 0.43% | F |
| 4BR | $4,630 | $1,093,082 | 0.42% | F |
| 5BR | $5,371 | $1,389,256 | 0.39% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 07446, Ramsey, NJ, is characterized by a robust median home value of $863,414. This high median home value suggests that the area is well-regarded, with a strong demand for both primary residences and investment properties. The fact that only 0.1% of listings have been reduced indicates that sellers are maintaining their asking prices, reflecting a seller's market where there is little pressure to lower prices due to lack of interest. This is further supported by the non-available data on median days on market (DOM), which often points to quick sales and a competitive environment.
The setup of a high median home value combined with minimal price reductions signals significant pricing power for landlords and small-portfolio investors over the next 12-24 months. Renters will likely continue to face a tight market, with limited options pushing them towards higher-priced rentals. The Federal Market Rent (FMR) for ZIP 07446 in fiscal year 2024 is set at $2190, while the actual market rent, according to Census ACS data, is $2,245. This slight premium suggests that landlords can maintain current rental rates or even see modest increases, aligning with the overall housing market trends.
For long-hold investors, the realistic appreciation thesis is grounded in the local economic stability and the enduring appeal of Ramsey, NJ. The area's proximity to major employment centers, excellent schools, and low crime rates contribute to its attractiveness. While precise future appreciation cannot be guaranteed, the data supports a scenario where property values will likely remain stable or increase slightly, especially given the strong underlying fundamentals of the region.
In summary, ZIP 07446 presents a favorable environment for real estate investment, with indications of sustained pricing power for both property values and rental income. Landlords and investors should expect continued demand and the ability to command higher rents and potentially higher property values in the coming years.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.