Skip to main content
Loading page
Ocean County/Barnegat/08005

08005

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,970
1 BR$1,970$2,170
2 BR$2,440$2,540
3 BR$3,130$3,060
4 BR$3,460$3,430
5 BR$3,979Not available
6 BR$4,576Not available
7 BR$5,262Not available
8 BR$6,052Not available

Purchase Price Calculator

Maximum purchase price
$315,526

Cost breakdown

+Likely effective rent$2,540
HUD FMR$2,440
Market rent$2,600
Est. payment standard (104%)Used$2,540
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.70
1 BR
0.82
2 BR
0.94
3 BR
1.02
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08005 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08005 (Barnegat, NJ) is $2,440 a month. That is down 1.6% from $2,480 in FY 2026. Barnegat 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 35 ZIP codes in Ocean County, 08005 has the 5th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08005 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08005
BedroomsFY 2027Change90–110% range
Studio$1,7900.0%$1,611–$1,969
1BR$1,970−2.0%$1,773–$2,167
2BR$2,440−1.6%$2,196–$2,684
3BR$3,130−3.4%$2,817–$3,443
4BR$3,460−3.6%$3,114–$3,806

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08005
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$1,970$2,440$3,130$3,460
FY 2026$1,790$2,010$2,480$3,240$3,590
FY 2025$1,600$1,790$2,210$2,940$3,280
FY 2024$1,510$1,690$2,090$2,840$3,170
FY 2023$1,270$1,420$1,780$2,440$2,710

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08005
07728$2,430−0.4%
07731$3,210+31.6%
08005Current$2,440—
08006$2,210−9.4%
08008$2,280−6.6%
08050$2,370−2.9%
08087$2,250−7.8%
08092$2,010−17.6%
08514$2,060−15.6%
08527$2,340−4.1%
08533$2,100−13.9%
08701$2,050−16.0%

Questions about ZIP 08005 rents

How much will Section 8 pay for a two-bedroom in ZIP 08005?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,440, that basic range is $2,196 to $2,684 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 08005 in?

ZIP 08005 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 08005 for FY 2027?

The two-bedroom FMR fell 1.6%, from $2,480 in FY 2026 to $2,440 in FY 2027. Since FY 2023 it has risen 37.1%.

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