FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 07712
0.75ratio
FMR$1,870
Market$2,510
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 07712
0.62ratio
FMR$2,310
Market$3,720
vs market-$1,410
FMR is below market; voucher rent may lag private rents.
0.62
3 BR
3 BR- 07712
0.96ratio
FMR$2,960
Market$3,080
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 07712
0.94ratio
FMR$3,280
Market$3,490
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.94
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Asbury Park, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Asbury Park, NJ is $2,310 a month. That is down 1.7% from $2,350 in FY 2026. Asbury Park is in the Monmouth-Ocean, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Asbury Park is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Asbury Park, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,690
$1,690
0.0%
$1,521–$1,859
1BR
$1,910
$1,870
−2.1%
$1,683–$2,057
2BR
$2,350
$2,310
−1.7%
$2,079–$2,541
3BR
$3,070
$2,960
−3.6%
$2,664–$3,256
4BR
$3,400
$3,280
−3.5%
$2,952–$3,608
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Asbury Park, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,690
$1,870
$2,310
$2,960
$3,280
FY 2026
$1,690
$1,910
$2,350
$3,070
$3,400
FY 2025
$1,440
$1,620
$2,000
$2,660
$2,960
FY 2024
$1,350
$1,510
$1,870
$2,540
$2,830
FY 2023
$1,160
$1,290
$1,620
$2,220
$2,470
Questions about Asbury Park, NJ rents
How much will Section 8 pay for a two-bedroom in Asbury Park, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,310, that basic range is $2,079 to $2,541 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Asbury Park, NJ in?
Asbury Park, NJ is in the Monmouth-Ocean, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Asbury Park, NJ for FY 2027?
The two-bedroom FMR fell 1.7%, from $2,350 in FY 2026 to $2,310 in FY 2027. Since FY 2023 it has risen 42.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set