New Jersey · FIPS 34029 · HUD FY 2027
Ocean County, New Jersey Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Ocean County is $2,283 a month (rent plus utilities), 1% above the New Jersey average of $2,268 and 30% above the U.S. average of $1,761. That is down $45 (1.9%) from FY 2026. At 30% of income, a household needs about $91,320 a year to afford it.
- $2,2832-bedroom FMR−$45 (−1.9%) vs FY 2026
- $1,8471-bedroom FMRNew Jersey: $1,891 · U.S.: $1,478
- $91,320Income for a 2-bedroom$44/hour full-time
- 5 of 212BR rank in New Jersey1 = highest rent
| Unit | Ocean County FY 2027 | FY 2026 | Change | New Jersey avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,671 | $1,676 | −$5 (−0.3%) | $1,725 | $1,379 | $66,840 |
| 1 bedroom | $1,847 | $1,889 | −$42 (−2.2%) | $1,891 | $1,478 | $73,880 |
| 2 bedrooms | $2,283 | $2,328 | −$45 (−1.9%) | $2,268 | $1,761 | $91,320 |
| 3 bedrooms | $2,927 | $3,043 | −$116 (−3.8%) | $2,793 | $2,266 | $117,080 |
| 4 bedrooms | $3,241 | $3,371 | −$130 (−3.9%) | $3,206 | $2,607 | $129,640 |
How Ocean County compares
- HUD sets this rent for the Monmouth-Ocean, NJ metro FMR area, which covers 1,299,715 residents in 2 counties.
- Across New Jersey, 2-bedroom FMRs run from $1,704 (Cumberland County) to $2,792 (Hudson County).
- Studio to 4-bedroom: $1,671, $1,847, $2,283, $2,927, $3,241. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 29 ZIP codes mostly in Ocean County (by land area), the 2-bedroom figure ranges from $1,760 to $2,830.
Small Area FMRs by ZIP code in Ocean County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 08005 | $1,790 | $1,970 | $2,440 | $3,130 | $3,460 | −$40 (−1.6%) | 7% above |
| 08006 | $1,620 | $1,790 | $2,210 | $2,840 | $3,140 | +$10 (+0.5%) | 3% below |
| 08008 | $1,670 | $1,840 | $2,280 | $2,920 | $3,240 | +$20 (+0.9%) | about the same as |
| 08050 | $1,730 | $1,920 | $2,370 | $3,040 | $3,360 | −$80 (−3.3%) | 4% above |
| 08087 | $1,650 | $1,820 | $2,250 | $2,880 | $3,190 | −$60 (−2.6%) | 1% below |
| 08092 | $1,470 | $1,630 | $2,010 | $2,580 | $2,850 | +$70 (+3.6%) | 12% below |
| 08527 | $1,710 | $1,890 | $2,340 | $3,000 | $3,320 | −$30 (−1.3%) | 2% above |
| 08533 | $1,540 | $1,700 | $2,100 | $2,690 | $2,980 | +$90 (+4.5%) | 8% below |
| 08701 | $1,500 | $1,660 | $2,050 | $2,630 | $2,910 | +$20 (+1.0%) | 10% below |
| 08721 | $1,540 | $1,700 | $2,100 | $2,690 | $2,980 | −$80 (−3.7%) | 8% below |
| 08722 | $2,070 | $2,290 | $2,830 | $3,630 | $4,020 | +$90 (+3.3%) | 24% above |
| 08723 | $1,590 | $1,760 | $2,170 | $2,780 | $3,080 | −$70 (−3.1%) | 5% below |
| 08724 | $1,680 | $1,860 | $2,300 | $2,950 | $3,270 | −$90 (−3.8%) | 1% above |
| 08731 | $1,950 | $2,150 | $2,660 | $3,410 | $3,780 | −$120 (−4.3%) | 17% above |
| 08732 | $1,540 | $1,710 | $2,110 | $2,710 | $3,000 | −$120 (−5.4%) | 8% below |
| 08733 | $1,600 | $1,770 | $2,190 | $2,810 | $3,110 | +$10 (+0.5%) | 4% below |
| 08734 | $1,560 | $1,720 | $2,130 | $2,730 | $3,020 | −$170 (−7.4%) | 7% below |
| 08735 | $1,530 | $1,690 | $2,090 | $2,680 | $2,960 | −$170 (−7.5%) | 8% below |
| 08738 | $1,730 | $1,960 | $2,410 | $3,150 | $3,490 | −$260 (−9.7%) | 6% above |
| 08740 | $1,750 | $1,930 | $2,390 | $3,070 | $3,410 | −$220 (−8.4%) | 5% above |
| 08741 | $1,670 | $1,850 | $2,280 | $2,930 | $3,240 | −$40 (−1.7%) | about the same as |
| 08742 | $1,760 | $1,950 | $2,410 | $3,090 | $3,420 | −$100 (−4.0%) | 6% above |
| 08751 | $1,350 | $1,500 | $1,850 | $2,370 | $2,630 | no change | 19% below |
| 08752 | $1,420 | $1,570 | $1,940 | $2,490 | $2,750 | −$20 (−1.0%) | 15% below |
| 08753 | $1,650 | $1,820 | $2,250 | $2,890 | $3,190 | −$50 (−2.2%) | 1% below |
| 08755 | $1,510 | $1,670 | $2,060 | $2,640 | $2,920 | −$70 (−3.3%) | 10% below |
| 08757 | $1,650 | $1,820 | $2,250 | $2,890 | $3,190 | −$30 (−1.3%) | 1% below |
| 08758 | $1,870 | $2,060 | $2,540 | $3,260 | $3,610 | +$460 (+22.1%) | 11% above |
| 08759 | $1,290 | $1,420 | $1,760 | $2,260 | $2,500 | −$30 (−1.7%) | 23% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.