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 | $2,380 |
| 1 Bedroom | $2,630 |
| 2 Bedrooms | $3,250 |
| 3 Bedrooms | $4,170 |
| 4 Bedrooms | $4,610 |
| 5 Bedrooms | $5,348 |
| 6 Bedrooms | $5,990 |
| 7 Bedrooms | $6,469 |
| 8 Bedrooms | $6,792 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,250 | $848,013 | 0.38% | F |
| 3BR | $4,170 | $970,679 | 0.43% | F |
| 4BR | $4,610 | $1,149,171 | 0.4% | F |
| 5BR | $5,348 | $1,824,535 | 0.29% | F |
U.S. Census Bureau data (2024)
The Oakhurst, NJ market, represented by ZIP code 07755, is characterized by a strong rental sector with a Fair Market Rent (FMR) of $2430 for fiscal year 2024 and a robust Zillow Observed Rent Index (ZORI) at $3,572. This indicates that rental prices are above the government-set fair market level, suggesting a tight rental market where demand likely exceeds supply.
The 0.1% price-cut share signals that landlords are not frequently reducing rents to attract tenants, which further supports the notion of a balanced or slightly over-demand market. The median home value of $1,004,711 places it in a high-value bracket, reflecting the overall economic status of the area and potentially indicating limited affordability for first-time buyers.
A key factor in understanding the market dynamics is the 18.8% renter share. In a context where a significant portion of residents are renters, this implies a continuous and substantial pressure on the rental market. Long-term, this can translate into sustained demand for rental properties, as a large percentage of the population opts not to purchase homes, possibly due to financial constraints or lifestyle choices.
The lack of available days on the market (DOM) data might suggest that either sales activity is low, or the data collection process is inconsistent. However, given the high median home value and the above-FMR rental rates, it's reasonable to infer that the sales market could be experiencing slower turnover, with homes selling quickly once listed but infrequent listings overall.
In summary, ZIP 07755 presents a dynamic market with a strong rental component. The high rental prices and low price-cut share indicate a demand-driven environment, while the significant renter share points to ongoing pressure for rental properties, beneficial for landlords and small-portfolio investors looking to capitalize on steady income streams.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.