FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 08731
0.91ratio
FMR$2,150
Market$2,360
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 08731
1.04ratio
FMR$2,660
Market$2,560
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 08731
1.10ratio
FMR$3,410
Market$3,100
vs market+$310
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 08731
1.11ratio
FMR$3,780
Market$3,400
vs market+$380
FMR is above market; underwrite to market rent.
1.11
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
--
Forked River, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Forked River, NJ is $2,660 a month. That is down 4.3% from $2,780 in FY 2026. Forked River 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 Forked River is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Forked River, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,000
$1,950
−2.5%
$1,755–$2,145
1BR
$2,260
$2,150
−4.9%
$1,935–$2,365
2BR
$2,780
$2,660
−4.3%
$2,394–$2,926
3BR
$3,630
$3,410
−6.1%
$3,069–$3,751
4BR
$4,030
$3,780
−6.2%
$3,402–$4,158
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Forked River, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,950
$2,150
$2,660
$3,410
$3,780
FY 2026
$2,000
$2,260
$2,780
$3,630
$4,030
FY 2025
$1,740
$1,950
$2,410
$3,210
$3,570
FY 2024
$1,580
$1,760
$2,180
$2,960
$3,300
FY 2023
$1,260
$1,400
$1,760
$2,410
$2,680
Questions about Forked River, NJ rents
How much will Section 8 pay for a two-bedroom in Forked River, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,660, that basic range is $2,394 to $2,926 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 Forked River, NJ in?
Forked River, 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 Forked River, NJ for FY 2027?
The two-bedroom FMR fell 4.3%, from $2,780 in FY 2026 to $2,660 in FY 2027. Since FY 2023 it has risen 51.1%.
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