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Monmouth County/Neptune/07753

07753

ZIPSAFMR
Monmouth County, NJ
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,740$1,910
1 BR$1,930$2,120
2 BR$2,380$2,620
3 BR$3,050$3,360
4 BR$3,380$3,680
5 BR$3,887Not available
6 BR$4,470Not available
7 BR$5,141Not available
8 BR$5,912Not available

Purchase Price Calculator

Maximum purchase price
$327,414

Cost breakdown

+Likely effective rent$2,620
HUD FMR$2,380
Market rent$2,890
Est. payment standard (110%)Used$2,620
-Principal and interest-$1,656
Loan amount$261,932
Down payment$65,483
Rate6.50%
Term30 years
-Operating costs-$764
Property taxes-$327
Insurance-$175
Utilities$0
HOA$0
Management-$262
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,759(63.8% ROI)
Projected value
$352,590
Return breakdown
Property appreciation+$25,175
Loan principal paid down+$9,384
Rental cash flow+$7,200
5-year hold
+$71,760(109.6% ROI)
Projected value
$370,439
Return breakdown
Property appreciation+$43,025
Loan principal paid down+$16,735
Rental cash flow+$12,000
10-year hold
+$155,580(237.6% ROI)
Projected value
$419,118
Return breakdown
Property appreciation+$91,704
Loan principal paid down+$39,876
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.69
2 BR
0.82
3 BR
0.81
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 07753 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 07753 (Neptune, NJ) is $2,380 a month. That is unchanged from FY 2026. Neptune 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, 07753 is tied for the 30th-highest two-bedroom rent (county range $1,200–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07753 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 07753
BedroomsFY 2027Change90–110% range
Studio$1,740+1.8%$1,566–$1,914
1BR$1,9300.0%$1,737–$2,123
2BR$2,3800.0%$2,142–$2,618
3BR$3,050−1.9%$2,745–$3,355
4BR$3,380−2.0%$3,042–$3,718

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 07753
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,740$1,930$2,380$3,050$3,380
FY 2026$1,710$1,930$2,380$3,110$3,450
FY 2025$1,500$1,680$2,070$2,760$3,070
FY 2024$1,440$1,610$1,990$2,700$3,020
FY 2023$1,190$1,330$1,670$2,290$2,540

Two-bedroom rent in nearby Monmouth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 07753
07746$3,420+43.7%
07747$2,540+6.7%
07748$2,110−11.3%
07750$2,800+17.6%
07751$3,330+39.9%
07752$2,330−2.1%
07753Current$2,380—
07754$2,330−2.1%
07755$3,250+36.6%
07756$1,710−28.2%
07757$2,490+4.6%
07758$1,540−35.3%

Questions about ZIP 07753 rents

How much will Section 8 pay for a two-bedroom in ZIP 07753?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 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 07753 in?

ZIP 07753 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 07753 for FY 2027?

The two-bedroom FMR was unchanged at $2,380 in FY 2027. Since FY 2023 it has risen 42.5%.

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