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Monmouth County/Allenhurst/07711

07711

ZIPSAFMR
Monmouth County, NJ
Zillow

ZIP Investment Score

22Below average

095130300
BRFMR
Eff. Rent
0 BR$1,780$1,940
1 BR$1,970$2,170
2 BR$2,430$2,670
3 BR$3,120$3,350
4 BR$3,450$2,880
5 BR$3,967Not available
6 BR$4,563Not available
7 BR$5,247Not available
8 BR$6,034Not available

Purchase Price Calculator

Maximum purchase price
$334,844

Cost breakdown

+Likely effective rent$2,670
HUD FMR$2,430
Market rent$2,800
Est. payment standard (110%)Used$2,670
-Principal and interest-$1,693
Loan amount$267,876
Down payment$66,969
Rate6.50%
Term30 years
-Operating costs-$777
Property taxes-$335
Insurance-$175
Utilities$0
HOA$0
Management-$267
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,544(63.5% ROI)
Projected value
$360,591
Return breakdown
Property appreciation+$25,746
Loan principal paid down+$9,597
Rental cash flow+$7,200
5-year hold
+$73,116(109.2% ROI)
Projected value
$378,846
Return breakdown
Property appreciation+$44,001
Loan principal paid down+$17,115
Rental cash flow+$12,000
10-year hold
+$158,566(236.8% ROI)
Projected value
$428,629
Return breakdown
Property appreciation+$93,785
Loan principal paid down+$40,781
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.84
2 BR
0.87
3 BR
0.90
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07711 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07711 (Allenhurst, NJ) is $2,430 a month. That is up 3.4% from $2,350 in FY 2026. Allenhurst 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. Among 60 ZIP codes in Monmouth County, 07711 is tied for the 27th-highest two-bedroom rent (county range $1,200–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07711 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07711
BedroomsFY 2027Change90–110% range
Studio$1,780+5.3%$1,602–$1,958
1BR$1,970+3.1%$1,773–$2,167
2BR$2,430+3.4%$2,187–$2,673
3BR$3,120+1.6%$2,808–$3,432
4BR$3,450+1.5%$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07711
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,780$1,970$2,430$3,120$3,450
FY 2026$1,690$1,910$2,350$3,070$3,400
FY 2025$1,390$1,570$1,930$2,570$2,860
FY 2024$1,300$1,450$1,800$2,450$2,730
FY 2023$1,020$1,140$1,430$1,960$2,180

Two-bedroom rent in nearby Monmouth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07711
07701$2,620+7.8%
07702$3,420+40.7%
07704$3,420+40.7%
07710$2,330−4.1%
07711Current$2,430—
07712$2,310−4.9%
07716$2,540+4.5%
07717$2,380−2.1%
07718$2,090−14.0%
07719$2,260−7.0%
07720$2,220−8.6%
07721$2,480+2.1%

Questions about ZIP 07711 rents

How much will Section 8 pay for a two-bedroom in ZIP 07711?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,430, that basic range is $2,187 to $2,673 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 ZIP 07711 in?

ZIP 07711 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 ZIP 07711 for FY 2027?

The two-bedroom FMR rose 3.4%, from $2,350 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 69.9%.

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

County fair market rentAllenhurst, NJ fair market rentNJ statewide rentsWhat is SAFMR?Data sources