FY2027 Small Area FMR · Freehold, NJ
ZIP 07728 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 07728 (Freehold, NJ) is $2,430 a month, down 3.6% from FY2026. That is 6% above the Monmouth-Ocean, NJ area-wide FMR of $2,283.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 07728 sits in the Monmouth-Ocean, NJ area
Of the 90 ZIP codes HUD lists for the area, 07728 has the 32nd 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 $2,187 and $2,673 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,780 | $1,602 – $1,958 | $1,671 | $1,810 |
| 1 bedroom | $1,970 | $1,773 – $2,167 | $1,847 | $2,040 |
| 2 bedrooms | $2,430 | $2,187 – $2,673 | $2,283 | $2,520 |
| 3 bedrooms | $3,120 | $2,808 – $3,432 | $2,927 | $3,290 |
| 4 bedrooms | $3,450 | $3,105 – $3,795 | $3,241 | $3,650 |
A household renting a two-bedroom home at the Small Area FMR of $2,430 needs about $97,200 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 07728 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
Questions
What is the Fair Market Rent for ZIP code 07728?
HUD's FY2027 Small Area Fair Market Rents for 07728 are $1,780 (studio), $1,970 (1 BR), $2,430 (2 BR), $3,120 (3 BR) and $3,450 (4 BR) a month.
What is the Section 8 payment standard in 07728?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 07728 that range is $2,187 to $2,673 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 07728?
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.