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Housing market/New Jersey/ZIP 07057

ACS 2023 · FY2027 SAFMR

ZIP 07057 Wallington, New Jersey

Bergen-Passaic, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
11,825
Households
4,905
Median HH income
$82,422
Renter share
61.3%
Median gross rent
$1,568
Vacancy
4.8%
Pop. change
+2.1%
2BR SAFMR
$1,990
SAFMR / rent
1.269×
2–49 unit stock
3,483
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07057 · NJ — sent to you.

ZIP 07057 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07057 — Wallington, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,568
2BR SAFMR$1,990
90% floor$1,791
110% ceiling$2,189

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 07057

  • 1-unit detached1,18222.9%
  • 1-unit attached1472.9%
  • 2–4 units2,34445.5%
  • 5–49 units1,13922.1%
  • 50+ units3416.6%
TypeUnitsShare
1-unit detached1,18222.9%
1-unit attached1472.9%
2 units (duplex)1,78634.7%
3–4 units55810.8%
5–9 units4178.1%
10–19 units59411.5%
20–49 units1282.5%
50+ units3416.6%
Mobile00.0%

2–4 unit share 45.5% · 5–49 unit share 22.1% · combined 2–49 67.6%.

Units by bedrooms

Studio
166
1BR
1,527
2BR
2,036
3BR
911
4BR
426
5+
87

Rent burden

Rent ≥30% of income42.4%
Rent ≥50% of income22.7%
  • ACS median gross rent $1,568 (all bedrooms, occupied rentals).
  • Median contract rent $1,407.
  • Renters paying ≥30% of income 42.4%; ≥50% 22.7%.
  • FY2027 2BR SAFMR $1,990 (1.269× ACS median gross rent).

Population

11,825 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,318 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 07057 61.3% of occupied households are renters; vacancy is 4.8%; ACS median gross rent is $1,568; population increased +2.1% between the 2018 and 2023 ACS vintages; the housing stock includes 2,344 units in 2–4-unit structures and 1,139 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,990 versus ACS median gross rent of $1,568. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 07057 is a Census / HUD profile for Bergen-Passaic, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07057 — Wallington, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07010Bergen-Passaic, NJ HUD Metro FMR Area50.2%$1,783$2,34007011Bergen-Passaic, NJ HUD Metro FMR Area54.8%$1,613$2,24007012Bergen-Passaic, NJ HUD Metro FMR Area44.8%$1,695$2,21007013Bergen-Passaic, NJ HUD Metro FMR Area26.7%$1,696$2,31007014Bergen-Passaic, NJ HUD Metro FMR Area26.9%$1,912$2,77007015Bergen-Passaic, NJ HUD Metro FMR Area——$2,08007020Bergen-Passaic, NJ HUD Metro FMR Area59.0%$2,645$3,40007022Bergen-Passaic, NJ HUD Metro FMR Area65.2%$1,597$2,12007024Bergen-Passaic, NJ HUD Metro FMR Area42.5%$2,257$3,36007026Bergen-Passaic, NJ HUD Metro FMR Area54.6%$1,612$2,14007031Bergen-Passaic, NJ HUD Metro FMR Area53.6%$1,706$2,19007055Bergen-Passaic, NJ HUD Metro FMR Area76.5%$1,392$1,920

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 07057?

ZIP 07057 (Bergen-Passaic, NJ HUD Metro FMR Area) has 11,825 residents, 4,905 households, a renter share of 61.3%, median household income of $82,422, and ACS 2023 median gross rent of $1,568. Vacancy is 4.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07057?

ACS counts 1,786 units in 2-unit buildings, 558 in 3–4 unit buildings, 417 in 5–9, 594 in 10–19, and 128 in 20–49. Combined 2–49 unit stock is 3,483 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07057?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,990. See the full schedule and 90–110% payment-standard band on the ZIP 07057 — Wallington, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07057 is Census / HUD research for Bergen-Passaic, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.