FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR- 07758
0.55ratio
FMR$1,250
Market$2,270
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.55
2 BR
2 BR- 07758
0.58ratio
FMR$1,540
Market$2,660
vs market-$1,120
FMR is below market; voucher rent may lag private rents.
0.58
3 BR
3 BR- 07758
0.57ratio
FMR$1,970
Market$3,460
vs market-$1,490
FMR is below market; voucher rent may lag private rents.
0.57
4 BR
4 BR- 07758
0.59ratio
FMR$2,190
Market$3,740
vs market-$1,550
FMR is below market; voucher rent may lag private rents.
0.59
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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Port Monmouth, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Port Monmouth, NJ is $1,540 a month. That is down 7.2% from $1,660 in FY 2026. Port Monmouth 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 Port Monmouth is 31% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Port Monmouth, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,130
−5.8%
$1,017–$1,243
1BR
$1,350
$1,250
−7.4%
$1,125–$1,375
2BR
$1,660
$1,540
−7.2%
$1,386–$1,694
3BR
$2,170
$1,970
−9.2%
$1,773–$2,167
4BR
$2,400
$2,190
−8.7%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Port Monmouth, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,250
$1,540
$1,970
$2,190
FY 2026
$1,200
$1,350
$1,660
$2,170
$2,400
FY 2025
$1,210
$1,360
$1,710
$2,350
$2,610
FY 2024
$1,340
$1,510
$1,900
$2,610
$2,900
FY 2023
$1,480
$1,670
$2,110
$2,900
$3,220
Questions about Port Monmouth, NJ rents
How much will Section 8 pay for a two-bedroom in Port Monmouth, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 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 Port Monmouth, NJ in?
Port Monmouth, 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 Port Monmouth, NJ for FY 2027?
The two-bedroom FMR fell 7.2%, from $1,660 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has fallen 27.0%.
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