ZIP 08740 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 08740 in the Monmouth-Ocean, NJ FMR area.
$1,750Efficiency
$1,9301 bedroom
$2,3902 bedrooms
$3,0703 bedrooms
$3,4104 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,750 | $1,575 | $1,925 | $1,671 |
| 1 bedroom | $1,930 | $1,737 | $2,123 | $1,847 |
| 2 bedrooms | $2,390 | $2,151 | $2,629 | $2,283 |
| 3 bedrooms | $3,070 | $2,763 | $3,377 | $2,927 |
| 4 bedrooms | $3,410 | $3,069 | $3,751 | $3,241 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 08740?
HUD's FY2027 Small Area FMRs for ZIP 08740 (Monmouth-Ocean, NJ) are $1,750 efficiency, $1,930 one bedroom, $2,390 two bedrooms, $3,070 three and $3,410 four bedrooms.
What payment standard can a housing authority set in ZIP 08740?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,151 to $2,629.