JeffCroweCRE

Housing market/New Jersey/ZIP 07401

ACS 2023 · FY2027 SAFMR

ZIP 07401 Allendale, 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
6,820
Households
2,332
Median HH income
$156,992
Renter share
22.6%
Median gross rent
$2,648
Vacancy
6.9%
Pop. change
+0.9%
2BR SAFMR
$3,330
SAFMR / rent
1.258×
2–49 unit stock
233
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07401 · NJ — sent to you.

ZIP 07401 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07401 — Allendale, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,648
2BR SAFMR$3,330
90% floor$2,997
110% ceiling$3,663

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

Housing stock

ACS 2023 units-in-structure · ZCTA 07401

  • 1-unit detached1,76770.5%
  • 1-unit attached2038.1%
  • 2–4 units502.0%
  • 5–49 units1837.3%
  • 50+ units30212.1%
TypeUnitsShare
1-unit detached1,76770.5%
1-unit attached2038.1%
2 units (duplex)381.5%
3–4 units120.5%
5–9 units140.6%
10–19 units00.0%
20–49 units1696.7%
50+ units30212.1%
Mobile00.0%

2–4 unit share 2.0% · 5–49 unit share 7.3% · combined 2–49 9.3%.

Units by bedrooms

Studio
177
1BR
104
2BR
373
3BR
791
4BR
685
5+
375

Rent burden

Rent ≥30% of income54.3%
Rent ≥50% of income37.2%
  • ACS median gross rent $2,648 (all bedrooms, occupied rentals).
  • Median contract rent $2,609.
  • Renters paying ≥30% of income 54.3%; ≥50% 37.2%.
  • FY2027 2BR SAFMR $3,330 (1.258× ACS median gross rent).

Population

6,820 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.9%.

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 07401 22.6% of occupied households are renters; vacancy is 6.9%; ACS median gross rent is $2,648; population increased +0.9% between the 2018 and 2023 ACS vintages; the housing stock includes 50 units in 2–4-unit structures and 183 units in 5–49-unit structures; FY2027 2BR SAFMR is $3,330 versus ACS median gross rent of $2,648. 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 07401 is a Census / HUD profile for Bergen-Passaic, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07401 — Allendale, 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 07401?

ZIP 07401 (Bergen-Passaic, NJ HUD Metro FMR Area) has 6,820 residents, 2,332 households, a renter share of 22.6%, median household income of $156,992, and ACS 2023 median gross rent of $2,648. Vacancy is 6.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07401?

ACS counts 38 units in 2-unit buildings, 12 in 3–4 unit buildings, 14 in 5–9, 0 in 10–19, and 169 in 20–49. Combined 2–49 unit stock is 233 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07401?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,330. See the full schedule and 90–110% payment-standard band on the ZIP 07401 — Allendale, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07401 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.