HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Ocean County, New Jersey (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Ocean County is $2,283 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$2,283
-1.9% from FY 2026
Payment standard
$2,055–$2,511
90% to 110% of the FMR, two-bedroom
Income to afford
$91,320
a year, with rent at 30% of income
Rank in New Jersey
6th of 21
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,671 | $1,504–$1,838 | $66,840 | $32.13/hr | -0.3% |
| 1 bedroom | $1,847 | $1,662–$2,032 | $73,880 | $35.52/hr | -2.2% |
| 2 bedroom | $2,283 | $2,055–$2,511 | $91,320 | $43.90/hr | -1.9% |
| 3 bedroom | $2,927 | $2,634–$3,220 | $117,080 | $56.29/hr | -3.8% |
| 4 bedroom | $3,241 | $2,917–$3,565 | $129,640 | $62.33/hr | -3.9% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,727 | $3,354–$4,100 |
| 6 bedroom Estimate | $4,213 | $3,792–$4,634 |
| 7 bedroom Estimate | $4,699 | $4,229–$5,169 |
| 8 bedroom Estimate | $5,186 | $4,667–$5,705 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Ocean actually rent for?
Search any address in Ocean for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Ocean somewhere between $2,055 and $2,511. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$2,283 a month is affordable, by HUD's 30% rule, on an income of roughly $91,320 a year. Put another way, $44 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$2,055 | Voucher pays at 100%$2,283 | Voucher pays at 110%$2,511 |
|---|---|---|---|---|
| $2,500 | $750 | $1,305 | $1,533 | $1,761 |
| $4,000 | $1,200 | $855 | $1,083 | $1,311 |
Rate history
The two-bedroom rate went down 2% from FY 2026 ($2,328) to FY 2027 ($2,283). Since FY 2020 it's up 39% in total, about 4.8% a year. The New Jersey median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,088 | $1,270 | $1,639 | $2,251 | $2,523 | — |
| FY 2021 | $1,126 | $1,291 | $1,652 | $2,277 | $2,524 | +0.8% |
| FY 2022 | $1,092 | $1,230 | $1,558 | $2,142 | $2,374 | -5.7% |
| FY 2023 | $1,146 | $1,279 | $1,602 | $2,193 | $2,441 | +2.8% |
| FY 2024 | $1,385 | $1,546 | $1,916 | $2,604 | $2,904 | +19.6% |
| FY 2025 | $1,474 | $1,654 | $2,040 | $2,717 | $3,023 | +6.5% |
| FY 2026 | $1,676 | $1,889 | $2,328 | $3,043 | $3,371 | +14.1% |
| FY 2027In effect | $1,671 | $1,847 | $2,283 | $2,927 | $3,241 | -1.9% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Ocean, that runs from $1,671 for a studio up to $3,241 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Ocean in with one other county in the Monmouth-Ocean metro, Monmouth County among them, and every one of them gets $2,283 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among New Jersey's 21 counties, Ocean ranks 6th for two-bedroom FMR. That's about 2% above the state median of $2,233 and about 115% above the national median county at $1,063. About 654,362 people live here, 5th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,760 in 08759 (Manchester Township) and $2,830 in 08722 (Beachwood), with the 31 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 08005 | Barnegat | $2,440 | +6.9% |
| 08006 | Barnegat Light | $2,210 | -3.2% |
| 08008 | Beach Haven | $2,280 | -0.1% |
| 08050 | Manahawkin | $2,370 | +3.8% |
| 08087 | Tuckerton | $2,250 | -1.4% |
| 08092 | West Creek | $2,010 | -12.0% |
| 08527 | Jackson | $2,340 | +2.5% |
| 08533 | New Egypt | $2,100 | -8.0% |
| 08701 | Lakewood | $2,050 | -10.2% |
| 08721 | Bayville | $2,100 | -8.0% |
| 08722 | Beachwood | $2,830 | +24.0% |
| 08723 | Brick | $2,170 | -4.9% |
| 08724 | Brick | $2,300 | +0.7% |
| 08731 | Forked River | $2,660 | +16.5% |
| 08732 | Island Heights | $2,110 | -7.6% |
| 08733 | Lakehurst | $2,190 | -4.1% |
| 08734 | Lanoka Harbor | $2,130 | -6.7% |
| 08735 | Lavallette | $2,090 | -8.5% |
| 08738 | Mantoloking | $2,410 | +5.6% |
| 08739 | Normandy Beach | $2,240 | -1.9% |
| 08740 | Ocean Gate | $2,390 | +4.7% |
| 08741 | Pine Beach | $2,280 | -0.1% |
| 08742 | Point Pleasant Beach | $2,410 | +5.6% |
| 08751 | Seaside Heights | $1,850 | -19.0% |
| 08752 | Seaside Park | $1,940 | -15.0% |
| 08753 | Toms River | $2,250 | -1.4% |
| 08754 | Toms River | $2,240 | -1.9% |
| 08755 | Toms River | $2,060 | -9.8% |
| 08756 | Toms River | $2,283County rate | — |
| 08757 | Toms River | $2,250 | -1.4% |
| 08758 | Waretown | $2,540 | +11.3% |
| 08759 | Manchester Township | $1,760 | -22.9% |
Counties sharing the Monmouth-Ocean metro rate
HUD sets one rate for the whole metro, so every county here carries the same $2,283 two-bedroom figure as Ocean.
Nearby counties
Two-bedroom FMR, with how each compares to Ocean.
Monmouth County
25 mi · 645,353 people
$2,283
same rate
Burlington County
32 mi · 467,805 people
$1,860
-19%
Mercer County
37 mi · 385,864 people
$2,242
-2%
Atlantic County
40 mi · 276,270 people
$1,899
-17%
Middlesex County
41 mi · 871,290 people
$2,623
+15%
Camden County
45 mi · 527,257 people
$1,860
-19%
Somerset County
50 mi · 349,846 people
$2,623
+15%
Union County
52 mi · 579,290 people
$2,233
-2%
Questions people ask
$2,283 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,671 for a studio, $1,847 for one bedroom, $2,927 for three and $3,241 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Ocean actually go for?
HUD's number is one input. Search any address in Ocean for a rent estimate built from nearby comps. Free to start, no card.
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