FY2026 Fair Market Rents — Cape May County
Studio
$1,320
1BR
$1,366
2BR
$1,792
3BR
$2,396
4BR
$2,405
Cape May County, New Jersey
FIPS 34009 · County-level FMR and income limit data
FMR Area: Cape May County, NJ HUD Metro FMR Area
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 |
To afford the FY2026 2-bedroom FMR of $1,792/mo under the 30%-of-income rule, a household needs about
$71,680/yr ($5,973/mo). Area Median Income is $115,800.
At NJ's state minimum wage of $15.49/hr, a worker would need to work 89 hours/week to afford that rent.
FY2026 Income Limits
Area Median Income: $115,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,350 | $27,800 | $31,300 | $34,750 | $38,680 | $44,360 |
| 50% AMI | $40,550 | $46,350 | $52,150 | $57,900 | $62,550 | $67,200 |
| 80% AMI | $64,900 | $74,150 | $83,400 | $92,650 | $100,100 | $107,500 |