Logo Ocean City Fair Market Rent FY 2019 Ocean City, NJ MSA Rental Data

Fair Market Rent Prices in Ocean City, NJ :
$772 $998 $1,202 $1,634 $1,845
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 Ocean City are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Ocean City is $1,202 per month.

The previous year, rent for a two-bedroom home was $1,127 per month. This is a 6.65% increase year-over-year.

This FMR rate applies to South Seaville, NJ, Delmont, NJ, Strathmere, NJ, Cape May Point, NJ, Dennisville, NJ, Goshen, NJ, Whitesboro, NJ, South Dennis, NJ, Green Creek, NJ, Tuckahoe, NJ and other cities within the region. The Metro Code or CBSA code for this region is METRO36140M36140.

Additionally, This Fair Market Rent (FMR) area Ocean City, NJ MSA spans one county or city in New Jersey which is listed in the table below. Estimated population of Ocean City, NJ MSA FMR area is 97,265 people based on 2010 Census data.

Compared to the rest of New Jersey, the Ocean City FMR area is less expensive than 84% 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 Ocean City. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Ocean City

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 $ 828
1-BR 1-Bedroom $ 1070
2-BR 2-Bedroom $ 1289
3-BR 3-Bedroom $ 1752
4-BR 4-Bedroom $ 1979
Change Year:

There is just one county (listed below) within the Ocean City, NJ MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Philadelphia.

County / Region Est. Population
Cape May County, NJ Metro 97,265
Zip Codes in Ocean City, NJ MSA

There are 21 unique zip codes in this Fair Market Rent (FMR) area:

08202, 08204, 08210, 08212, 08214, 08218, 08219, 08223, 08226, 08230, 08242, 08243, 08245, 08246, 08247, 08248, 08250, 08251, 08252, 08260 and 08314

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