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Ocean County/Pine Beach/08741

08741

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,670$1,840
1 BR$1,850$2,040
2 BR$2,280$2,510
3 BR$2,930$2,990
4 BR$3,240$3,520
5 BR$3,726Not available
6 BR$4,285Not available
7 BR$4,928Not available
8 BR$5,667Not available

Purchase Price Calculator

Maximum purchase price
$311,068

Cost breakdown

+Likely effective rent$2,510
HUD FMR$2,280
Market rent$2,630
Est. payment standard (110%)Used$2,510
-Principal and interest-$1,573
Loan amount$248,855
Down payment$62,214
Rate6.50%
Term30 years
-Operating costs-$737
Property taxes-$311
Insurance-$175
Utilities$0
HOA$0
Management-$251
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,034(64.3% ROI)
Projected value
$334,987
Return breakdown
Property appreciation+$23,918
Loan principal paid down+$8,916
Rental cash flow+$7,200
5-year hold
+$68,776(110.5% ROI)
Projected value
$351,945
Return breakdown
Property appreciation+$40,877
Loan principal paid down+$15,899
Rental cash flow+$12,000
10-year hold
+$149,011(239.5% ROI)
Projected value
$398,194
Return breakdown
Property appreciation+$87,125
Loan principal paid down+$37,885
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.75
1 BR
0.79
2 BR
0.87
3 BR
0.97
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08741 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08741 (Pine Beach, NJ) is $2,280 a month. That is down 1.7% from $2,320 in FY 2026. Pine Beach 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, 08741 is tied for the 14th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08741 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08741
BedroomsFY 2027Change90–110% range
Studio$1,6700.0%$1,503–$1,837
1BR$1,850−2.1%$1,665–$2,035
2BR$2,280−1.7%$2,052–$2,508
3BR$2,930−3.6%$2,637–$3,223
4BR$3,240−3.9%$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08741
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,850$2,280$2,930$3,240
FY 2026$1,670$1,890$2,320$3,040$3,370
FY 2025$1,470$1,650$2,040$2,710$3,020
FY 2024$1,450$1,610$2,000$2,720$3,030
FY 2023$1,240$1,390$1,740$2,380$2,650

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08741
08731$2,660+16.7%
08732$2,110−7.5%
08733$2,190−3.9%
08734$2,130−6.6%
08735$2,090−8.3%
08738$2,410+5.7%
08739$2,240−1.8%
08740$2,390+4.8%
08741Current$2,280—
08742$2,410+5.7%
08751$1,850−18.9%
08752$1,940−14.9%

Questions about ZIP 08741 rents

How much will Section 8 pay for a two-bedroom in ZIP 08741?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,280, that basic range is $2,052 to $2,508 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 08741 in?

ZIP 08741 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 08741 for FY 2027?

The two-bedroom FMR fell 1.7%, from $2,320 in FY 2026 to $2,280 in FY 2027. Since FY 2023 it has risen 31.0%.

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