FY2025 Fair Market Rents — Ocean City, NJ MSA
The HUD-published Fair Market Rents for FY2025 in this area are:
Studio
$1,192
1BR
$1,213
2BR
$1,591
3BR
$2,127
4BR
$2,135
Hours/week at min wage
80 hrs
to afford the 2BR FMR @ $15.49/hr (NJ)
National rank
#132
of 639 U.S. metros (top 22% most expensive)
YoY change (2BR)
+1.4%
+$22 vs FY2024 · 5-yr +27.3%
Voucher payment standard
$1,432–$1,750
PHAs set HCV payment at 90–110% of the 2BR FMR
Ocean City, NJ MSA
Metropolitan area · NJ · View full history · Income limits · LIHTC rents
FY2025 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,192 | $14,304 |
| 1-Bedroom | $1,213 | $14,556 |
| 2-Bedroom | $1,591 | $19,092 |
| 3-Bedroom | $2,127 | $25,524 |
| 4-Bedroom | $2,135 | $25,620 |
Recent 2-Bedroom FMR Trend
FY2019 $1,202 → FY2025 $1,591
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2025 | $1,192 | $1,213 | $1,591 | $2,127 | $2,135 |
| FY2024 | $1,107 | $1,194 | $1,569 | $1,973 | $2,090 |
| FY2023 | $1,046 | $1,178 | $1,551 | $1,925 | $2,084 |
| FY2022 | $973 | $1,113 | $1,465 | $1,816 | $1,987 |
| FY2021 | $898 | $1,069 | $1,361 | $1,763 | $1,846 |
| FY2020 | $814 | $1,012 | $1,250 | $1,669 | $1,708 |
| FY2019 | $772 | $998 | $1,202 | $1,634 | $1,845 |
View full FMR history back to FY2000 →
FY2024 Income Limits
Area Median Income (AMI): $111,700
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $23,250 | $26,550 | $29,850 | $33,150 | $36,580 | $41,960 |
| 50% AMI (Very Low) | $38,700 | $44,200 | $49,750 | $55,250 | $59,700 | $64,100 |
| 80% AMI (Low) | $61,850 | $70,700 | $79,550 | $88,350 | $95,450 | $102,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$19,092/yr
FMR as % of Area Median Income
17.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$63,640/yr
$5,303/mo gross income
FY2024 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 | $977 | $1,117 | $1,256 | $1,507 | $1,619 |
| 60% AMI Maximum | $1,172 | $1,340 | $1,507 | $1,809 | $1,943 |
FY2024 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 | $1,107 | $1,194 | $1,569 | $1,815 | $1,815 |
| Low HOME Rent | $967 | $1,105 | $1,243 | $1,381 | $1,492 |
Compare Ocean City, NJ MSA 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