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 | $1,680 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,620 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,160 | $529,632 | 0.41% | F |
| 3BR | $2,620 | $632,273 | 0.41% | F |
| 4BR | $3,310 | $663,694 | 0.5% | F |
U.S. Census Bureau data (2024)
Lodi, NJ, located in the ZIP code 07644, is part of the Bergen-Passaic, NJ HUD Metro FMR Area. This ZIP code can be considered a cash-flow anchor within a Section 8 portfolio strategy due to its favorable financial metrics.
The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1780. Comparing this to the median market rent of $2,365, there is a significant spread that benefits landlords participating in the Section 8 program. By anchoring your portfolio in Lodi, you ensure steady, reliable rental income that is guaranteed by the government, mitigating risks associated with non-payment and delinquency.
Furthermore, the median home value in Lodi is $619,182, which indicates a relatively affluent neighborhood. Despite this, the FMR remains lower than the market rent, providing an opportunity for landlords to receive a subsidized rent that is still above the average FMR. This makes Lodi an attractive location for maintaining positive cash flow in a Section 8 portfolio.
While Lodi does not present itself as an appreciation play due to the lack of specific data on price-cut shares and days on market (DOM), it does serve well as a diversifier. The area has a renter share of 57.6%, and the median income is $89,305, suggesting a stable demand for rental properties. These factors contribute to the stability of the rental market, making it less volatile and more predictable.
In summary, ZIP 07644 in Lodi, NJ, should be viewed primarily as a cash-flow anchor within a Section 8 portfolio strategy. Its financial metrics provide a solid foundation for generating consistent income, supported by government subsidies, without the need for speculative growth investments.
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.