FMR is below market; voucher rent may lag private rents.
0.58
1 BR
1 BR- 08226
0.90ratio
FMR$1,860
Market$2,070
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 08226
0.87ratio
FMR$2,270
Market$2,610
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 08226
0.96ratio
FMR$2,970
Market$3,100
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 08226
0.72ratio
FMR$2,980
Market$4,130
vs market-$1,150
FMR is below market; voucher rent may lag private rents.
0.72
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
--
Ocean City, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ocean City, NJ is $2,270 a month. That is up 6.6% from $2,130 in FY 2026. Ocean City is in the Cape May County, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,857. The median county two-bedroom FMR in New Jersey is $2,233, so Ocean City is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ocean City, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,570
$1,850
+17.8%
$1,665–$2,035
1BR
$1,620
$1,860
+14.8%
$1,674–$2,046
2BR
$2,130
$2,270
+6.6%
$2,043–$2,497
3BR
$2,850
$2,970
+4.2%
$2,673–$3,267
4BR
$2,860
$2,980
+4.2%
$2,682–$3,278
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ocean City, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,850
$1,860
$2,270
$2,970
$2,980
FY 2026
$1,570
$1,620
$2,130
$2,850
$2,860
FY 2025
$1,360
$1,380
$1,810
$2,420
$2,430
FY 2024
$1,230
$1,330
$1,750
$2,200
$2,330
FY 2023
$1,150
$1,290
$1,700
$2,110
$2,280
Questions about Ocean City, NJ rents
How much will Section 8 pay for a two-bedroom in Ocean City, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,857, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,671 to $2,043 a month; under the ZIP-level Small Area FMR of $2,270 it would be $2,043 to $2,497. 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 Ocean City, NJ in?
Ocean City, NJ is in the Cape May County, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,857.
How much did fair market rent change in Ocean City, NJ for FY 2027?
The two-bedroom FMR rose 6.6%, from $2,130 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 33.5%.
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