FY2027 Small Area FMR · Ocean View, NJ

ZIP 08230 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08230 (Ocean View, NJ) is $2,400 a month, up 3.4% from FY2026. That is 29% above the Cape May County, NJ area-wide FMR of $1,857.

2-bedroom SAFMR$2,400per month ▲ 3.4%

Area-wide 2 BR FMR$1,857Cape May County, NJ

Rank in the area1stof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,160

2 BR Small Area FMR$2,400

110% of SAFMR$2,640

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

Studio$1,950▲ 14.0%

1 BR$1,970▲ 11.3%

2 BR$2,400▲ 3.4%

3 BR$3,140▲ 1.3%

4 BR$3,150▲ 1.3%

FY2027 FY2026

Where 08230 sits in the Cape May County, NJ area

Of the 21 ZIP codes HUD lists for the area, 08230 has the 1st 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 $2,400 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,950	$1,755 – $2,145	$1,512	$1,710
1 bedroom	$1,970	$1,773 – $2,167	$1,521	$1,770
2 bedrooms	$2,400	$2,160 – $2,640	$1,857	$2,320
3 bedrooms	$3,140	$2,826 – $3,454	$2,431	$3,100
4 bedrooms	$3,150	$2,835 – $3,465	$2,441	$3,110

A household renting a two-bedroom home at the Small Area FMR of $2,400 needs about $96,000 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 08230 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

ZIP	Place	Distance	2 BR SAFMR
08246	South Seaville	2.9 mi	$2,030
08248	Strathmere	3.7 mi	$2,370
08243	Sea Isle City	4.2 mi	$2,300
08270	Woodbine	5.5 mi	$1,690
08223	Marmora	5.5 mi	$2,170
08226	Ocean City	7.3 mi	$2,270

Questions

What is the Fair Market Rent for ZIP code 08230?

HUD's FY2027 Small Area Fair Market Rents for 08230 are $1,950 (studio), $1,970 (1 BR), $2,400 (2 BR), $3,140 (3 BR) and $3,150 (4 BR) a month.

What is the Section 8 payment standard in 08230?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08230 that range is $2,160 to $2,640 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08230?

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.