FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
1.00ratio
FMR$1,847
Market$1,850
vs market-$3
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR
0.98ratio
FMR$2,283
Market$2,330
vs market-$47
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR
0.78ratio
FMR$2,927
Market$3,750
vs market-$823
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR
0.69ratio
FMR$3,241
Market$4,730
vs market-$1,489
FMR is below market; voucher rent may lag private rents.
0.69
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 07799 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 07799 (Eatontown, NJ) is $2,283 a month. That is down 1.9% from $2,328 in FY 2026. Eatontown 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. The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 07799 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 07799
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,676
$1,671
−0.3%
$1,504–$1,838
1BR
$1,889
$1,847
−2.2%
$1,662–$2,032
2BR
$2,328
$2,283
−1.9%
$2,055–$2,511
3BR
$3,043
$2,927
−3.8%
$2,634–$3,220
4BR
$3,371
$3,241
−3.9%
$2,917–$3,565
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 07799
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,671
$1,847
$2,283
$2,927
$3,241
FY 2026
$1,676
$1,889
$2,328
$3,043
$3,371
FY 2025
$1,474
$1,654
$2,040
$2,717
$3,023
FY 2024
$1,385
$1,546
$1,916
$2,604
$2,904
FY 2023
$1,146
$1,279
$1,602
$2,193
$2,441
Questions about ZIP 07799 rents
How much will Section 8 pay for a two-bedroom in ZIP 07799?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,283, that basic range is $2,055 to $2,511 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 07799 in?
ZIP 07799 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 07799 for FY 2027?
The two-bedroom FMR fell 1.9%, from $2,328 in FY 2026 to $2,283 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 Fair Market Rents. 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