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Section 8 rent in Monmouth-Ocean, NJ

FY2025 HUD Small Area Fair Market Rents for the Monmouth-Ocean, NJ HUD Metro FMR Area, covering 90 ZIP codes.

$2,134Avg 2BR FMR / mo
$2,347Avg 2BR at 110% Standard
90ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$780$1,539$2,210$1,693
1 Bedroom$880$1,729$2,480$1,902
2 Bedrooms$1,080$2,134$3,060$2,347
3 Bedrooms$1,440$2,830$4,080$3,113
4 Bedrooms$1,600$3,151$4,530$3,466

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$4,268$51,216
Triplex3 × 2BR$6,402$76,824
Fourplex4 × 2BR$8,536$102,432
Fourplex4 × 3BR$11,320$135,840

Gross scheduled rent before vacancy, maintenance and management. Run any New Jersey multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 90 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
07702 $2,480 $3,060 $4,080 $4,530
07746 $2,480 $3,060 $4,080 $4,530
07757 $2,480 $3,060 $4,080 $4,530
08730 $2,480 $3,060 $4,080 $4,530
07722 $2,470 $3,050 $4,060 $4,520
07733 $2,450 $3,020 $4,020 $4,480
07751 $2,430 $3,000 $4,000 $4,450
08555 $2,410 $2,970 $3,960 $4,400
08535 $2,300 $2,840 $3,780 $4,210
07739 $2,210 $2,730 $3,630 $4,040
07703 $2,200 $2,710 $3,620 $4,020
07755 $2,170 $2,680 $3,570 $3,970
08691 $2,100 $2,660 $3,200 $3,600
07750 $2,120 $2,610 $3,480 $3,870
07764 $1,960 $2,420 $3,220 $3,590

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Monmouth-Ocean, NJ?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Monmouth-Ocean, NJ HUD Metro FMR Area is $2,134 per month, ranging from $1,080 to $3,060 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $2,347.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Monmouth-Ocean, NJ, 2-bedroom SAFMRs run from $1,080 to $3,060 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in New Jersey?
RealG searches live listings across New Jersey, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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