FY2026 Fair Market Rents — Monmouth-Ocean, NJ HUD Metro FMR Area

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

Studio
$1,676
1BR
$1,889
2BR
$2,328
3BR
$3,043
4BR
$3,371
Hours/week at min wage
116 hrs
to afford the 2BR FMR @ $15.49/hr (NJ)
YoY change (2BR)
+14.1%
+$288 vs FY2025 · 5-yr +40.9%
Voucher payment standard
$2,095–$2,561
PHAs set HCV payment at 90–110% of the 2BR FMR

Monmouth-Ocean, NJ HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,676 $20,112
1-Bedroom $1,889 $22,668
2-Bedroom $2,328 $27,936
3-Bedroom $3,043 $36,516
4-Bedroom $3,371 $40,452

Recent 2-Bedroom FMR Trend

FY2020 $1,639 → FY2026 $2,328
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,676 $1,889 $2,328 $3,043 $3,371
FY2025 $1,474 $1,654 $2,040 $2,717 $3,023
FY2024 $1,385 $1,546 $1,916 $2,604 $2,904
FY2023 $1,146 $1,279 $1,602 $2,193 $2,441
FY2022 $1,092 $1,230 $1,558 $2,142 $2,374
FY2021 $1,126 $1,291 $1,652 $2,277 $2,524
FY2020 $1,088 $1,270 $1,639 $2,251 $2,523

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $140,600

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $29,550 $33,800 $38,000 $42,200 $45,600 $49,000
50% AMI (Very Low) $49,250 $56,250 $63,300 $70,300 $75,950 $81,550
80% AMI (Low) $76,000 $86,850 $97,700 $108,550 $117,250 $125,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$27,936/yr
FMR as % of Area Median Income
19.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$93,120/yr
$7,760/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 $1,230 $1,406 $1,581 $1,898 $2,038
60% AMI Maximum $1,476 $1,687 $1,898 $2,277 $2,446

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 $1,676 $1,889 $2,284 $2,284 $2,284
Low HOME Rent $1,231 $1,406 $1,582 $1,757 $1,898

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $2,328. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

07702 $3,490
07722 $3,490
07733 $3,490
07746 $3,490
08730 $3,470

Lowest-cost ZIPs (2BR SAFMR)

07738 $1,230
07758 $1,660
07756 $1,730
07730 $1,740
08751 $1,850
All 84 ZIP codes in this area
07701 07702 07703 07704 07710 07711 07712 07716 07717 07718 07719 07720 07721 07722 07723 07724 07726 07727 07728 07730 07731 07732 07733 07734 07735 07737 07738 07739 07740 07746 07747 07748 07750 07751 07752 07753 07754 07755 07756 07757 07758 07760 07762 07763 07764 07765 08005 08006 08008 08050 08092 08510 08514 08520 08527 08535 08555 08691 08701 08720 08721 08722 08723 08724 08730 08731 08732 08733 08734 08735 08736 08738 08739 08740 08741 08742 08750 08751 08752 08753 08754 08755 08757 08758

Compare Monmouth-Ocean, NJ HUD Metro FMR Area With Other NJ Metros

vs. Atlantic City-Hammonton, NJ MSA vs. Bergen-Passaic, NJ HUD Metro FMR Area vs. Cape May County, NJ HUD Metro FMR Area vs. Jersey City, NJ HUD Metro FMR Area vs. Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area

Counties in This FMR Area

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