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Ocean County/Seaside Heights/08751

08751

ZIPSAFMR
Ocean County, NJ
Zillow

ZIP Investment Score

29Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,490
1 BR$1,500$1,650
2 BR$1,850$2,040
3 BR$2,370$2,610
4 BR$2,630$2,890
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$241,227

Cost breakdown

+Likely effective rent$2,040
HUD FMR$1,850
Market rent$2,210
Est. payment standard (110%)Used$2,040
-Principal and interest-$1,220
Loan amount$192,981
Down payment$48,245
Rate6.50%
Term30 years
-Operating costs-$620
Property taxes-$241
Insurance-$175
Utilities$0
HOA$0
Management-$204
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,662(67.7% ROI)
Projected value
$259,775
Return breakdown
Property appreciation+$18,548
Loan principal paid down+$6,914
Rental cash flow+$7,200
5-year hold
+$56,029(116.1% ROI)
Projected value
$272,926
Return breakdown
Property appreciation+$31,699
Loan principal paid down+$12,330
Rental cash flow+$12,000
10-year hold
+$120,943(250.7% ROI)
Projected value
$308,791
Return breakdown
Property appreciation+$67,564
Loan principal paid down+$29,379
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.76
2 BR
0.84
3 BR
0.71
4 BR
0.43
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 08751 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 08751 (Seaside Heights, NJ) is $1,850 a month. That is unchanged from FY 2026. Seaside Heights 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, 08751 has the 34th-highest two-bedroom rent (county range $1,760–$3,210). The median county two-bedroom FMR in New Jersey is $2,233, so ZIP 08751 is 17% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 08751
BedroomsFY 2027Change90–110% range
Studio$1,350+1.5%$1,215–$1,485
1BR$1,5000.0%$1,350–$1,650
2BR$1,8500.0%$1,665–$2,035
3BR$2,370−2.1%$2,133–$2,607
4BR$2,630−1.9%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 08751
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,500$1,850$2,370$2,630
FY 2026$1,330$1,500$1,850$2,420$2,680
FY 2025$1,210$1,350$1,670$2,220$2,470
FY 2024$1,130$1,260$1,560$2,120$2,360
FY 2023$990$1,100$1,380$1,890$2,100

Two-bedroom rent in nearby Ocean County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 08751
08739$2,240+21.1%
08740$2,390+29.2%
08741$2,280+23.2%
08742$2,410+30.3%
08751Current$1,850—
08752$1,940+4.9%
08753$2,250+21.6%
08754$2,240+21.1%
08755$2,060+11.4%
08757$2,250+21.6%
08758$2,540+37.3%
08759$1,760−4.9%

Questions about ZIP 08751 rents

How much will Section 8 pay for a two-bedroom in ZIP 08751?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 08751 in?

ZIP 08751 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 08751 for FY 2027?

The two-bedroom FMR was unchanged at $1,850 in FY 2027. Since FY 2023 it has risen 34.1%.

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