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Ocean County/Manahawkin/08050

08050

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,730$1,900
1 BR$1,920$2,060
2 BR$2,370$2,440
3 BR$3,040$2,620
4 BR$3,360$3,230
5 BR$3,864Not available
6 BR$4,444Not available
7 BR$5,110Not available
8 BR$5,877Not available

Purchase Price Calculator

Maximum purchase price
$300,667

Cost breakdown

+Likely effective rent$2,440
HUD FMR$2,370
Market rent$2,470
Est. payment standard (103%)Used$2,440
-Principal and interest-$1,520
Loan amount$240,533
Down payment$60,133
Rate6.50%
Term30 years
-Operating costs-$720
Property taxes-$301
Insurance-$175
Utilities$0
HOA$0
Management-$244
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,936(64.7% ROI)
Projected value
$323,785
Return breakdown
Property appreciation+$23,118
Loan principal paid down+$8,618
Rental cash flow+$7,200
5-year hold
+$66,878(111.2% ROI)
Projected value
$340,177
Return breakdown
Property appreciation+$39,510
Loan principal paid down+$15,368
Rental cash flow+$12,000
10-year hold
+$144,831(240.8% ROI)
Projected value
$384,879
Return breakdown
Property appreciation+$84,212
Loan principal paid down+$36,618
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.90
2 BR
0.96
3 BR
1.16
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08050 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08050 (Manahawkin, NJ) is $2,370 a month. That is down 3.3% from $2,450 in FY 2026. Manahawkin 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, 08050 is tied for the 10th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08050 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08050
BedroomsFY 2027Change90–110% range
Studio$1,730−1.7%$1,557–$1,903
1BR$1,920−3.5%$1,728–$2,112
2BR$2,370−3.3%$2,133–$2,607
3BR$3,040−5.0%$2,736–$3,344
4BR$3,360−5.4%$3,024–$3,696

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08050
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,730$1,920$2,370$3,040$3,360
FY 2026$1,760$1,990$2,450$3,200$3,550
FY 2025$1,580$1,780$2,190$2,920$3,250
FY 2024$1,550$1,740$2,150$2,920$3,260
FY 2023$1,320$1,480$1,850$2,530$2,820

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08050
07728$2,430+2.5%
07731$3,210+35.4%
08005$2,440+3.0%
08006$2,210−6.8%
08008$2,280−3.8%
08050Current$2,370—
08087$2,250−5.1%
08092$2,010−15.2%
08514$2,060−13.1%
08527$2,340−1.3%
08533$2,100−11.4%
08701$2,050−13.5%

Questions about ZIP 08050 rents

How much will Section 8 pay for a two-bedroom in ZIP 08050?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 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 08050 in?

ZIP 08050 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 08050 for FY 2027?

The two-bedroom FMR fell 3.3%, from $2,450 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 28.1%.

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