FMR is below market; voucher rent may lag private rents.
0.44
1 BR
1 BR- 07762
0.64ratio
FMR$1,830
Market$2,850
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 07762
0.74ratio
FMR$2,260
Market$3,070
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 07762
0.70ratio
FMR$2,900
Market$4,160
vs market-$1,260
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 07762
0.44ratio
FMR$3,210
Market$7,340
vs market-$4,130
FMR is below market; voucher rent may lag private rents.
0.44
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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Spring Lake, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Spring Lake, NJ is $2,260 a month. That is down 2.6% from $2,320 in FY 2026. Spring Lake 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 Spring Lake is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Spring Lake, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,670
$1,650
−1.2%
$1,485–$1,815
1BR
$1,880
$1,830
−2.7%
$1,647–$2,013
2BR
$2,320
$2,260
−2.6%
$2,034–$2,486
3BR
$3,030
$2,900
−4.3%
$2,610–$3,190
4BR
$3,360
$3,210
−4.5%
$2,889–$3,531
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Spring Lake, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,830
$2,260
$2,900
$3,210
FY 2026
$1,670
$1,880
$2,320
$3,030
$3,360
FY 2025
$1,470
$1,650
$2,040
$2,720
$3,020
FY 2024
$1,420
$1,580
$1,960
$2,660
$2,970
FY 2023
$1,180
$1,320
$1,650
$2,260
$2,510
Questions about Spring Lake, NJ rents
How much will Section 8 pay for a two-bedroom in Spring Lake, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,260, that basic range is $2,034 to $2,486 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 Spring Lake, NJ in?
Spring Lake, 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 Spring Lake, NJ for FY 2027?
The two-bedroom FMR fell 2.6%, from $2,320 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 37.0%.
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