FY2027 Small Area FMR · Deal, NJ

ZIP 07723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07723 (Deal, NJ) is $2,070 a month, up 11.3% from FY2026. That is 9% below the Monmouth-Ocean, NJ area-wide FMR of $2,283.

2-bedroom SAFMR$2,070per month ▲ 11.3%

Area-wide 2 BR FMR$2,283Monmouth-Ocean, NJ

Rank in the area76thof 90 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,863

2 BR Small Area FMR$2,070

110% of SAFMR$2,277

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,520▲ 13.4%

1 BR$1,670▲ 10.6%

2 BR$2,070▲ 11.3%

3 BR$2,650▲ 9.1%

4 BR$2,940▲ 9.3%

FY2027 FY2026

Where 07723 sits in the Monmouth-Ocean, NJ area

Of the 90 ZIP codes HUD lists for the area, 07723 has the 76th highest two-bedroom Small Area FMR. Monmouth-Ocean, NJ is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,863 and $2,277 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,520	$1,368 – $1,672	$1,671	$1,340
1 bedroom	$1,670	$1,503 – $1,837	$1,847	$1,510
2 bedrooms	$2,070	$1,863 – $2,277	$2,283	$1,860
3 bedrooms	$2,650	$2,385 – $2,915	$2,927	$2,430
4 bedrooms	$2,940	$2,646 – $3,234	$3,241	$2,690

A household renting a two-bedroom home at the Small Area FMR of $2,070 needs about $82,800 a year to keep housing costs at 30% of income. The area median family income is $140,600 and the 80% low-income limit for four people is $108,550. ZIP code 07723 lies mainly in Monmouth County. See the Monmouth-Ocean, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
07711	Allenhurst	0.8 mi	$2,430
07755	Oakhurst	1.6 mi	$3,250
07756	Ocean Grove	2.7 mi	$1,710
07764	West Long Branch	2.9 mi	$2,540
07712	Asbury Park	3.0 mi	$2,310
07740	Long Branch	3.2 mi	$2,410

Questions

What is the Fair Market Rent for ZIP code 07723?

HUD's FY2027 Small Area Fair Market Rents for 07723 are $1,520 (studio), $1,670 (1 BR), $2,070 (2 BR), $2,650 (3 BR) and $2,940 (4 BR) a month.

What is the Section 8 payment standard in 07723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07723 that range is $1,863 to $2,277 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 07723?

The FY2026 income limits of the Monmouth-Ocean, NJ area apply: median family income $140,600, low-income (80%) limit $108,550 for a family of four.