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Monmouth County/Bradley Beach/07720

07720

ZIPSAFMR
Monmouth County, NJ
Zillow

ZIP Investment Score

22Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,780
1 BR$1,800$1,980
2 BR$2,220$2,340
3 BR$2,850$2,870
4 BR$3,150$3,470
5 BR$3,622Not available
6 BR$4,166Not available
7 BR$4,791Not available
8 BR$5,509Not available

Purchase Price Calculator

Maximum purchase price
$285,807

Cost breakdown

+Likely effective rent$2,340
HUD FMR$2,220
Market rent$2,410
Est. payment standard (106%)Used$2,340
-Principal and interest-$1,445
Loan amount$228,645
Down payment$57,161
Rate6.50%
Term30 years
-Operating costs-$695
Property taxes-$286
Insurance-$175
Utilities$0
HOA$0
Management-$234
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,368(65.4% ROI)
Projected value
$307,782
Return breakdown
Property appreciation+$21,976
Loan principal paid down+$8,192
Rental cash flow+$7,200
5-year hold
+$64,166(112.3% ROI)
Projected value
$323,364
Return breakdown
Property appreciation+$37,557
Loan principal paid down+$14,608
Rental cash flow+$12,000
10-year hold
+$138,859(242.9% ROI)
Projected value
$365,857
Return breakdown
Property appreciation+$80,050
Loan principal paid down+$34,809
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.80
2 BR
0.92
3 BR
0.99
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07720 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07720 (Bradley Beach, NJ) is $2,220 a month. That is down 3.1% from $2,290 in FY 2026. Bradley Beach 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, 07720 has the 45th-highest two-bedroom rent (county range $1,200–$3,420).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07720
BedroomsFY 2027Change90–110% range
Studio$1,620−1.8%$1,458–$1,782
1BR$1,800−3.2%$1,620–$1,980
2BR$2,220−3.1%$1,998–$2,442
3BR$2,850−4.7%$2,565–$3,135
4BR$3,150−5.1%$2,835–$3,465

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07720
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,800$2,220$2,850$3,150
FY 2026$1,650$1,860$2,290$2,990$3,320
FY 2025$1,450$1,630$2,010$2,680$2,980
FY 2024$1,330$1,480$1,840$2,500$2,790
FY 2023$1,080$1,210$1,510$2,070$2,300

Two-bedroom rent in nearby Monmouth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07720
07712$2,310+4.1%
07716$2,540+14.4%
07717$2,380+7.2%
07718$2,090−5.9%
07719$2,260+1.8%
07720Current$2,220—
07721$2,480+11.7%
07722$3,420+54.1%
07723$2,070−6.8%
07724$2,100−5.4%
07726$2,470+11.3%
07727$2,180−1.8%

Questions about ZIP 07720 rents

How much will Section 8 pay for a two-bedroom in ZIP 07720?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,220, that basic range is $1,998 to $2,442 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 07720 in?

ZIP 07720 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 07720 for FY 2027?

The two-bedroom FMR fell 3.1%, from $2,290 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 47.0%.

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

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