Location: Monmouth-Ocean, NJ | Metro: Monmouth-Ocean, NJ HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,500 |
| 1 Bedroom | $2,770 |
| 2 Bedrooms | $3,420 |
| 3 Bedrooms | $4,390 |
| 4 Bedrooms | $4,860 |
| 5 Bedrooms | $5,638 |
| 6 Bedrooms | $6,315 |
| 7 Bedrooms | $6,820 |
| 8 Bedrooms | $7,161 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,420 | $601,909 | 0.57% | F |
| 3BR | $4,390 | $735,373 | 0.6% | F |
| 4BR | $4,860 | $939,752 | 0.52% | F |
| 5BR | $5,638 | $1,174,136 | 0.48% | F |
U.S. Census Bureau data (2024)
2870 FMR (zip FY 2024) indicates the Fair Market Rent for Marlboro, NJ, is set at $2870 per month, providing a benchmark for rental properties in the area. However, the $2,671 market rent (Census ACS) shows that the actual average rent is slightly below the FMR, suggesting a competitive but fair rental market. The median home value of $871,088 highlights the significant investment required to enter the housing market in Marlboro. With only 3.8% of residents classified as renters, it's evident that Marlboro has a predominantly owner-occupied housing stock, which can affect the demand for rental units. The median income of $207,689 supports the high cost of living and indicates that residents have the financial capability to afford higher rents and property values. Despite the robust economy, the N/A-day DOM (Days on Market) suggests that properties in Marlboro sell quickly once listed, pointing to strong buyer interest and a healthy real estate market. The 0.2% price-cut share further underscores this point, showing that few sellers need to reduce their asking prices to attract buyers. For landlords and small-portfolio investors considering Marlboro, NJ, the combination of a slightly lower-than-FMR market rent and quick property sales presents an opportunity to offer competitive rentals while maintaining solid property values. In conclusion, Marlboro's real estate market is stable and attractive for investors willing to meet the criteria set by the FMR.
Section 8 Verdict: Suitable for investors who can align with the FMR guidelines and offer competitive rentals in a primarily owner-occupied market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.