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Monmouth County/Roosevelt/08555

08555

ZIPSAFMR
Monmouth County, NJ
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$2,490$1,950
1 BR$2,750$2,010
2 BR$3,400$2,660
3 BR$4,360$3,380
4 BR$4,830$3,840
5 BR$5,555Not available
6 BR$6,388Not available
7 BR$7,346Not available
8 BR$8,448Not available

Purchase Price Calculator

Maximum purchase price
$333,358

Cost breakdown

+Likely effective rent$2,660
HUD FMR$3,400
Market rentUsed$2,660
Est. payment standard (90%)$3,060
-Principal and interest-$1,686
Loan amount$266,687
Down payment$66,672
Rate6.50%
Term30 years
-Operating costs-$774
Property taxes-$333
Insurance-$175
Utilities$0
HOA$0
Management-$266
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,387(63.6% ROI)
Projected value
$358,991
Return breakdown
Property appreciation+$25,632
Loan principal paid down+$9,555
Rental cash flow+$7,200
5-year hold
+$72,845(109.3% ROI)
Projected value
$377,164
Return breakdown
Property appreciation+$43,806
Loan principal paid down+$17,039
Rental cash flow+$12,000
10-year hold
+$157,969(236.9% ROI)
Projected value
$426,727
Return breakdown
Property appreciation+$93,369
Loan principal paid down+$40,600
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.28
1 BR
1.37
2 BR
1.28
3 BR
1.29
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08555 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08555 (Roosevelt, NJ) is $3,400 a month. That is down 0.9% from $3,430 in FY 2026. Roosevelt 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, 08555 has the 6th-highest two-bedroom rent (county range $1,200–$3,420). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08555 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08555
BedroomsFY 2027Change90–110% range
Studio$2,490+0.8%$2,241–$2,739
1BR$2,750−1.1%$2,475–$3,025
2BR$3,400−0.9%$3,060–$3,740
3BR$4,360−2.7%$3,924–$4,796
4BR$4,830−2.8%$4,347–$5,313

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08555
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,490$2,750$3,400$4,360$4,830
FY 2026$2,470$2,780$3,430$4,480$4,970
FY 2025$2,150$2,410$2,970$3,960$4,400
FY 2024$1,890$2,110$2,610$3,550$3,960
FY 2023$1,490$1,670$2,090$2,860$3,180

Two-bedroom rent in nearby Monmouth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08555
08501$1,940−42.9%
08510$2,660−21.8%
08514$2,060−39.4%
08520$2,240−34.1%
08527$2,340−31.2%
08535$2,980−12.4%
08555Current$3,400—
08562$1,440−57.6%
08620$2,070−39.1%
08691$2,820−17.1%
08720$2,370−30.3%
08724$2,300−32.4%

Questions about ZIP 08555 rents

How much will Section 8 pay for a two-bedroom in ZIP 08555?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,400, that basic range is $3,060 to $3,740 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 08555 in?

ZIP 08555 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 08555 for FY 2027?

The two-bedroom FMR fell 0.9%, from $3,430 in FY 2026 to $3,400 in FY 2027. Since FY 2023 it has risen 62.7%.

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