FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 07756
0.66ratio
FMR$1,380
Market$2,100
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR- 07756
0.69ratio
FMR$1,710
Market$2,480
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 07756
0.75ratio
FMR$2,190
Market$2,930
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 07756
0.56ratio
FMR$2,430
Market$4,320
vs market-$1,890
FMR is below market; voucher rent may lag private rents.
0.56
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 Grove, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ocean Grove, NJ is $1,710 a month. That is down 1.2% from $1,730 in FY 2026. Ocean Grove 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 Grove is 23% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ocean Grove, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,250
0.0%
$1,125–$1,375
1BR
$1,400
$1,380
−1.4%
$1,242–$1,518
2BR
$1,730
$1,710
−1.2%
$1,539–$1,881
3BR
$2,260
$2,190
−3.1%
$1,971–$2,409
4BR
$2,510
$2,430
−3.2%
$2,187–$2,673
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ocean Grove, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,380
$1,710
$2,190
$2,430
FY 2026
$1,250
$1,400
$1,730
$2,260
$2,510
FY 2025
$1,180
$1,330
$1,640
$2,180
$2,430
FY 2024
$1,160
$1,290
$1,600
$2,170
$2,430
FY 2023
$970
$1,080
$1,350
$1,850
$2,060
Questions about Ocean Grove, NJ rents
How much will Section 8 pay for a two-bedroom in Ocean Grove, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,710, that basic range is $1,539 to $1,881 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 Grove, NJ in?
Ocean Grove, 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 Grove, NJ for FY 2027?
The two-bedroom FMR fell 1.2%, from $1,730 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 26.7%.
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