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Ocean County/Lavallette/08735

08735

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

25Below average

095130300
BRFMR
Eff. Rent
0 BR$1,530$1,680
1 BR$1,690$1,860
2 BR$2,090$2,300
3 BR$2,680$2,950
4 BR$2,960$3,260
5 BR$3,404Not available
6 BR$3,915Not available
7 BR$4,502Not available
8 BR$5,177Not available

Purchase Price Calculator

Maximum purchase price
$279,863

Cost breakdown

+Likely effective rent$2,300
HUD FMR$2,090
Market rent$3,010
Est. payment standard (110%)Used$2,300
-Principal and interest-$1,415
Loan amount$223,890
Down payment$55,973
Rate6.50%
Term30 years
-Operating costs-$685
Property taxes-$280
Insurance-$175
Utilities$0
HOA$0
Management-$230
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,740(65.6% ROI)
Projected value
$301,381
Return breakdown
Property appreciation+$21,519
Loan principal paid down+$8,021
Rental cash flow+$7,200
5-year hold
+$63,081(112.7% ROI)
Projected value
$316,639
Return breakdown
Property appreciation+$36,776
Loan principal paid down+$14,304
Rental cash flow+$12,000
10-year hold
+$136,470(243.8% ROI)
Projected value
$358,248
Return breakdown
Property appreciation+$78,385
Loan principal paid down+$34,085
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.63
1 BR
0.66
2 BR
0.69
3 BR
0.77
4 BR
0.63
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08735 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08735 (Lavallette, NJ) is $2,090 a month. That is down 7.5% from $2,260 in FY 2026. Lavallette 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, 08735 has the 28th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08735 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08735
BedroomsFY 2027Change90–110% range
Studio$1,530−6.1%$1,377–$1,683
1BR$1,690−8.2%$1,521–$1,859
2BR$2,090−7.5%$1,881–$2,299
3BR$2,680−9.5%$2,412–$2,948
4BR$2,960−9.8%$2,664–$3,256

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08735
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,530$1,690$2,090$2,680$2,960
FY 2026$1,630$1,840$2,260$2,960$3,280
FY 2025$1,410$1,580$1,950$2,600$2,890
FY 2024$1,280$1,430$1,770$2,410$2,680
FY 2023$1,020$1,130$1,420$1,940$2,160

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08735
08723$2,170+3.8%
08724$2,300+10.0%
08731$2,660+27.3%
08732$2,110+1.0%
08733$2,190+4.8%
08734$2,130+1.9%
08735Current$2,090—
08738$2,410+15.3%
08739$2,240+7.2%
08740$2,390+14.4%
08741$2,280+9.1%
08742$2,410+15.3%

Questions about ZIP 08735 rents

How much will Section 8 pay for a two-bedroom in ZIP 08735?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 08735 in?

ZIP 08735 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 08735 for FY 2027?

The two-bedroom FMR fell 7.5%, from $2,260 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 47.2%.

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