07720
ZIPFMR
Monmouth County, NJ
BRFMR
Eff. Rent
0 BR$1,676$1,676
1 BR$1,889$1,889
2 BR$2,328$2,328
3 BR$3,043$2,880
4 BR$3,371$3,371
5 BR$3,877
6 BR$4,458
7 BR$5,127
8 BR$5,896

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.83ratio
FMR$1,676
Market$2,010
vs market-$334

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.83
1 BR
1 BR
0.84ratio
FMR$1,889
Market$2,250
vs market-$361

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.84
2 BR
2 BR
0.97ratio
FMR$2,328
Market$2,410
vs market-$82

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.97
3 BR
3 BR
1.06ratio
FMR$3,043
Market$2,880
vs market+$163

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.06
4 BR
4 BR
0.87ratio
FMR$3,371
Market$3,880
vs market-$509

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.87
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$284,023
Rent
$2,328
Down payment
$56,805
Loan
$227,219
Mortgage
$1,436
Expenses
$692
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 07720 (NJ) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.