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RentData.org Logo Monmouth-Ocean Fair Market Rent FY 2020 Monmouth-Ocean, NJ HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Monmouth-Ocean, NJ :
$1,088 $1,270 $1,639 $2,251 $2,523
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Monmouth-Ocean are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monmouth-Ocean is $1,639 per month.

The previous year, rent for a two-bedroom home was $1,479 per month. This is a 10.82% increase year-over-year.

This FMR rate applies to Wickatunk, NJ, Navesink, NJ, Adelphia, NJ, Tennent, NJ, Normandy Beach, NJ, Fort Monmouth, NJ, Barnegat Light, NJ, Roosevelt, NJ, Mantoloking, NJ, Deal, NJ and other cities within the region. The Metro Code or CBSA code for this region is METRO35620MM5190.

Additionally, This Fair Market Rent (FMR) area Monmouth-Ocean, NJ HUD Metro FMR Area spans two counties or cities in New Jersey which ares listed in the table below. Estimated population of Monmouth-Ocean, NJ HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of New Jersey, the Monmouth-Ocean FMR area is more expensive than 75% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Monmouth-Ocean. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Monmouth-Ocean

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1167
1-BR 1-Bedroom $ 1363
2-BR 2-Bedroom $ 1759
3-BR 3-Bedroom $ 2415
4-BR 4-Bedroom $ 2707
Change Year:

The counties, cities, towns, and regions listed below fall into the Monmouth-Ocean, NJ HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: New York.

County / Region Est. Population
Monmouth County, NJ Metro 0
Ocean County, NJ Metro 0
Zip Codes in Monmouth-Ocean, NJ HUD Metro FMR Area

There are 80 unique zip codes in this Fair Market Rent (FMR) area:

07701, 07702, 07703, 07704, 07710, 07711, 07712, 07716, 07717, 07718, 07719, 07720, 07722, 07723, 07724, 07727, 07728, 07730, 07731, 07732, 07733, 07734, 07737, 07738, 07739, 07740, 07746, 07748, 07750, 07752, 07753, 07754, 07755, 07756, 07757, 07758, 07760, 07762, 07763, 07764, 07765, 07799, 08005, 08006, 08008, 08050, 08092, 08510, 08514, 08527, 08533, 08535, 08555, 08701, 08720, 08721, 08722, 08723, 08724, 08730, 08731, 08732, 08733, 08734, 08735, 08736, 08738, 08739, 08740, 08741, 08742, 08750, 08751, 08752, 08753, 08754, 08755, 08757, 08758 and 08759

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