FY2027 Small Area FMR · Ocean City, NJ
ZIP 08226 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08226 (Ocean City, NJ) is $2,270 a month, up 6.6% from FY2026. That is 22% above the Cape May County, NJ area-wide FMR of $1,857.
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 08226 sits in the Cape May County, NJ area
Of the 21 ZIP codes HUD lists for the area, 08226 has the 4th highest two-bedroom Small Area FMR. Cape May County, NJ is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,857 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,270 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,850 | $1,665 – $2,035 | $1,512 | $1,570 |
| 1 bedroom | $1,860 | $1,674 – $2,046 | $1,521 | $1,620 |
| 2 bedrooms | $2,270 | $2,043 – $2,497 | $1,857 | $2,130 |
| 3 bedrooms | $2,970 | $2,673 – $3,267 | $2,431 | $2,850 |
| 4 bedrooms | $2,980 | $2,682 – $3,278 | $2,441 | $2,860 |
A household renting a two-bedroom home at the Small Area FMR of $2,270 needs about $90,800 a year to keep housing costs at 30% of income. The area median family income is $115,800 and the 80% low-income limit for four people is $92,650. ZIP code 08226 lies mainly in Cape May County. See the Cape May County, NJ county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 08226?
HUD's FY2027 Small Area Fair Market Rents for 08226 are $1,850 (studio), $1,860 (1 BR), $2,270 (2 BR), $2,970 (3 BR) and $2,980 (4 BR) a month.
What is the Section 8 payment standard in 08226?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08226 that range is $2,043 to $2,497 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 08226?
The FY2026 income limits of the Cape May County, NJ area apply: median family income $115,800, low-income (80%) limit $92,650 for a family of four.