FY2027 Small Area FMR · Mantoloking, NJ
ZIP 08738 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08738 (Mantoloking, NJ) is $2,410 a month, down 9.7% 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 08738 sits in the Monmouth-Ocean, NJ area
Of the 90 ZIP codes HUD lists for the area, 08738 has the 34th 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 $2,169 and $2,651 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,730 | $1,557 – $1,903 | $1,671 | $1,920 |
| 1 bedroom | $1,960 | $1,764 – $2,156 | $1,847 | $2,170 |
| 2 bedrooms | $2,410 | $2,169 – $2,651 | $2,283 | $2,670 |
| 3 bedrooms | $3,150 | $2,835 – $3,465 | $2,927 | $3,490 |
| 4 bedrooms | $3,490 | $3,141 – $3,839 | $3,241 | $3,870 |
A household renting a two-bedroom home at the Small Area FMR of $2,410 needs about $96,400 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 08738 lies mainly in Ocean 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 08738?
HUD's FY2027 Small Area Fair Market Rents for 08738 are $1,730 (studio), $1,960 (1 BR), $2,410 (2 BR), $3,150 (3 BR) and $3,490 (4 BR) a month.
What is the Section 8 payment standard in 08738?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08738 that range is $2,169 to $2,651 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 08738?
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.