FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 08740
0.83ratio
FMR$1,930
Market$2,320
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 08740
0.91ratio
FMR$2,390
Market$2,630
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 08740
1.00ratio
FMR$3,070
Market$3,080
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 08740
0.87ratio
FMR$3,410
Market$3,900
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.87
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 Gate, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ocean Gate, NJ is $2,390 a month. That is down 8.4% from $2,610 in FY 2026. Ocean Gate 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 Ocean Gate is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ocean Gate, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,880
$1,750
−6.9%
$1,575–$1,925
1BR
$2,120
$1,930
−9.0%
$1,737–$2,123
2BR
$2,610
$2,390
−8.4%
$2,151–$2,629
3BR
$3,410
$3,070
−10.0%
$2,763–$3,377
4BR
$3,780
$3,410
−9.8%
$3,069–$3,751
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ocean Gate, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,750
$1,930
$2,390
$3,070
$3,410
FY 2026
$1,880
$2,120
$2,610
$3,410
$3,780
FY 2025
$1,680
$1,880
$2,320
$3,090
$3,440
FY 2024
$1,560
$1,740
$2,160
$2,940
$3,270
FY 2023
$1,270
$1,420
$1,780
$2,440
$2,710
Questions about Ocean Gate, NJ rents
How much will Section 8 pay for a two-bedroom in Ocean Gate, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,390, that basic range is $2,151 to $2,629 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 Ocean Gate, NJ in?
Ocean Gate, 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 Ocean Gate, NJ for FY 2027?
The two-bedroom FMR fell 8.4%, from $2,610 in FY 2026 to $2,390 in FY 2027. Since FY 2023 it has risen 34.3%.
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