What is the Fair Market Rent for a 2-bedroom in Cape May County, NJ HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Cape May County, NJ HUD Metro FMR Area is $1,792 per month for fiscal year 2026. The studio FMR is $1,320, 1-bedroom is $1,366, 3-bedroom is $2,396, and 4-bedroom is $2,405.

What income do you need to afford the FMR in Cape May County, NJ HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $71,680 per year ($5,973 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,792 in Cape May County, NJ HUD Metro FMR Area.

FY2026 Fair Market Rents — Cape May County, NJ HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,320

1BR

$1,366

2BR

$1,792

3BR

$2,396

4BR

$2,405

Hours/week at min wage

89 hrs

to afford the 2BR FMR @ $15.49/hr (NJ)

National rank

#97

of 661 U.S. metros (top 16% most expensive)

Voucher payment standard

$1,613–$1,971

PHAs set HCV payment at 90–110% of the 2BR FMR

Cape May County, NJ HUD Metro FMR Area

Metropolitan area · NJ · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,320	$15,840
1-Bedroom	$1,366	$16,392
2-Bedroom	$1,792	$21,504
3-Bedroom	$2,396	$28,752
4-Bedroom	$2,405	$28,860

FY2026 Income Limits

Area Median Income (AMI): $115,800

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,350	$27,800	$31,300	$34,750	$38,680	$44,360
50% AMI (Very Low)	$40,550	$46,350	$52,150	$57,900	$62,550	$67,200
80% AMI (Low)	$64,900	$74,150	$83,400	$92,650	$100,100	$107,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$21,504/yr

FMR as % of Area Median Income

18.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$71,680/yr

$5,973/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$1,013	$1,158	$1,302	$1,563	$1,679
60% AMI Maximum	$1,215	$1,389	$1,563	$1,875	$2,014

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$1,320	$1,366	$1,792	$1,881	$1,881
Low HOME Rent	$1,013	$1,158	$1,303	$1,447	$1,563

Compare Cape May County, NJ HUD Metro FMR Area With Other NJ Metros

vs. Atlantic City-Hammonton, NJ MSA vs. Bergen-Passaic, NJ HUD Metro FMR Area vs. Jersey City, NJ HUD Metro FMR Area vs. Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area vs. Monmouth-Ocean, NJ HUD Metro FMR Area

Counties in This FMR Area

Cape May County