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NJ/Ocean County/Barnegat Light

Barnegat Light, NJ

CitySAFMR
Ocean County
Found 1 ZIP

City Median Investment Score

26Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,620
1 BR$1,790$1,790
2 BR$2,210$2,210
3 BR$2,840$2,840
4 BR$3,140$3,140
5 BR$3,611Not available
6 BR$4,153Not available
7 BR$4,776Not available
8 BR$5,492Not available

Purchase Price Calculator

Maximum purchase price
$266,489

Cost breakdown

+Likely effective rent$2,210
HUD FMRUsed$2,210
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,348
Loan amount$213,191
Down payment$53,298
Rate6.50%
Term30 years
-Operating costs-$662
Property taxes-$266
Insurance-$175
Utilities$0
HOA$0
Management-$221
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,329(66.3% ROI)
Projected value
$286,979
Return breakdown
Property appreciation+$20,490
Loan principal paid down+$7,638
Rental cash flow+$7,200
5-year hold
+$60,640(113.8% ROI)
Projected value
$301,507
Return breakdown
Property appreciation+$35,019
Loan principal paid down+$13,621
Rental cash flow+$12,000
10-year hold
+$131,095(246.0% ROI)
Projected value
$341,128
Return breakdown
Property appreciation+$74,639
Loan principal paid down+$32,456
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Barnegat Light, NJ fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Barnegat Light, NJ is $2,210 a month. That is up 0.5% from $2,200 in FY 2026. Barnegat Light 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 Barnegat Light is 1% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Barnegat Light, NJ
BedroomsFY 2027Change90–110% range
Studio$1,620+1.9%$1,458–$1,782
1BR$1,790+0.6%$1,611–$1,969
2BR$2,210+0.5%$1,989–$2,431
3BR$2,840−1.0%$2,556–$3,124
4BR$3,140−1.6%$2,826–$3,454

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Barnegat Light, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,790$2,210$2,840$3,140
FY 2026$1,590$1,780$2,200$2,870$3,190
FY 2025$1,390$1,560$1,930$2,560$2,850
FY 2024$1,280$1,430$1,770$2,410$2,680
FY 2023$1,040$1,160$1,460$2,000$2,230

Questions about Barnegat Light, NJ rents

How much will Section 8 pay for a two-bedroom in Barnegat Light, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 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 Barnegat Light, NJ in?

Barnegat Light, 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 Barnegat Light, NJ for FY 2027?

The two-bedroom FMR rose 0.5%, from $2,200 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 51.4%.

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