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Ocean County/Brick/08724

08724

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,850
1 BR$1,860$2,050
2 BR$2,300$2,450
3 BR$2,950$3,090
4 BR$3,270$3,600
5 BR$3,760Not available
6 BR$4,325Not available
7 BR$4,973Not available
8 BR$5,719Not available

Purchase Price Calculator

Maximum purchase price
$302,153

Cost breakdown

+Likely effective rent$2,450
HUD FMR$2,300
Market rent$2,530
Est. payment standard (107%)Used$2,450
-Principal and interest-$1,528
Loan amount$241,722
Down payment$60,431
Rate6.50%
Term30 years
-Operating costs-$722
Property taxes-$302
Insurance-$175
Utilities$0
HOA$0
Management-$245
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,093(64.7% ROI)
Projected value
$325,385
Return breakdown
Property appreciation+$23,233
Loan principal paid down+$8,660
Rental cash flow+$7,200
5-year hold
+$67,149(111.1% ROI)
Projected value
$341,858
Return breakdown
Property appreciation+$39,705
Loan principal paid down+$15,444
Rental cash flow+$12,000
10-year hold
+$145,428(240.7% ROI)
Projected value
$386,781
Return breakdown
Property appreciation+$84,628
Loan principal paid down+$36,799
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.81
2 BR
0.91
3 BR
0.93
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08724 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08724 (Brick, NJ) is $2,300 a month. That is down 3.8% from $2,390 in FY 2026. Brick 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, 08724 has the 13th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08724 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08724
BedroomsFY 2027Change90–110% range
Studio$1,680−2.3%$1,512–$1,848
1BR$1,860−4.1%$1,674–$2,046
2BR$2,300−3.8%$2,070–$2,530
3BR$2,950−5.4%$2,655–$3,245
4BR$3,270−5.5%$2,943–$3,597

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08724
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,860$2,300$2,950$3,270
FY 2026$1,720$1,940$2,390$3,120$3,460
FY 2025$1,570$1,770$2,180$2,900$3,230
FY 2024$1,490$1,660$2,060$2,800$3,120
FY 2023$1,240$1,380$1,730$2,370$2,640

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08724
08720$2,370+3.0%
08721$2,100−8.7%
08722$2,830+23.0%
08723$2,170−5.7%
08724Current$2,300—
08731$2,660+15.7%
08732$2,110−8.3%
08733$2,190−4.8%
08734$2,130−7.4%
08735$2,090−9.1%
08738$2,410+4.8%
08739$2,240−2.6%

Questions about ZIP 08724 rents

How much will Section 8 pay for a two-bedroom in ZIP 08724?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 08724 in?

ZIP 08724 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 08724 for FY 2027?

The two-bedroom FMR fell 3.8%, from $2,390 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 32.9%.

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