FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 07722
1.00ratio
FMR$2,770
Market$2,760
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 07722
1.15ratio
FMR$3,420
Market$2,980
vs market+$440
FMR is above market; underwrite to market rent.
1.15
3 BR
3 BR- 07722
1.09ratio
FMR$4,390
Market$4,010
vs market+$380
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR- 07722
0.97ratio
FMR$4,860
Market$5,000
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.97
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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Colts Neck, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Colts Neck, NJ is $3,420 a month. That is down 2.0% from $3,490 in FY 2026. Colts Neck 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 Colts Neck is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Colts Neck, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,510
$2,500
−0.4%
$2,250–$2,750
1BR
$2,830
$2,770
−2.1%
$2,493–$3,047
2BR
$3,490
$3,420
−2.0%
$3,078–$3,762
3BR
$4,560
$4,390
−3.7%
$3,951–$4,829
4BR
$5,050
$4,860
−3.8%
$4,374–$5,346
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Colts Neck, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,500
$2,770
$3,420
$4,390
$4,860
FY 2026
$2,510
$2,830
$3,490
$4,560
$5,050
FY 2025
$2,200
$2,470
$3,050
$4,060
$4,520
FY 2024
$2,010
$2,240
$2,780
$3,780
$4,210
FY 2023
$1,670
$1,860
$2,330
$3,190
$3,550
Questions about Colts Neck, NJ rents
How much will Section 8 pay for a two-bedroom in Colts Neck, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,420, that basic range is $3,078 to $3,762 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 Colts Neck, NJ in?
Colts Neck, 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 Colts Neck, NJ for FY 2027?
The two-bedroom FMR fell 2.0%, from $3,490 in FY 2026 to $3,420 in FY 2027. Since FY 2023 it has risen 46.8%.
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