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Monmouth County/Farmingdale/07727

07727

ZIPSAFMR
Monmouth County, NJ
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,760
1 BR$1,760$1,940
2 BR$2,180$2,400
3 BR$2,800$3,080
4 BR$3,090$3,400
5 BR$3,553Not available
6 BR$4,087Not available
7 BR$4,700Not available
8 BR$5,404Not available

Purchase Price Calculator

Maximum purchase price
$294,723

Cost breakdown

+Likely effective rent$2,400
HUD FMR$2,180
Market rent$2,820
Est. payment standard (110%)Used$2,400
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.67
1 BR
0.62
2 BR
0.77
3 BR
0.86
4 BR
0.75
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07727 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07727 (Farmingdale, NJ) is $2,180 a month. That is up 5.3% from $2,070 in FY 2026. Farmingdale 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, 07727 has the 46th-highest two-bedroom rent (county range $1,200–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07727 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07727
BedroomsFY 2027Change90–110% range
Studio$1,600+7.4%$1,440–$1,760
1BR$1,760+4.8%$1,584–$1,936
2BR$2,180+5.3%$1,962–$2,398
3BR$2,800+3.3%$2,520–$3,080
4BR$3,090+3.0%$2,781–$3,399

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07727
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,760$2,180$2,800$3,090
FY 2026$1,490$1,680$2,070$2,710$3,000
FY 2025$1,210$1,360$1,680$2,240$2,490
FY 2024$1,080$1,210$1,500$2,040$2,270
FY 2023$860$960$1,200$1,640$1,830

Two-bedroom rent in nearby Monmouth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07727
07720$2,220+1.8%
07721$2,480+13.8%
07722$3,420+56.9%
07723$2,070−5.0%
07724$2,100−3.7%
07726$2,470+13.3%
07727Current$2,180—
07728$2,430+11.5%
07730$2,560+17.4%
07731$3,210+47.2%
07732$2,460+12.8%
07733$3,420+56.9%

Questions about ZIP 07727 rents

How much will Section 8 pay for a two-bedroom in ZIP 07727?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,180, that basic range is $1,962 to $2,398 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 07727 in?

ZIP 07727 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 07727 for FY 2027?

The two-bedroom FMR rose 5.3%, from $2,070 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 81.7%.

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