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 | $1,130 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $477,072 | 0.32% | F |
| 3BR | $1,970 | $601,769 | 0.33% | F |
| 4BR | $2,190 | $734,057 | 0.3% | F |
| 5BR | $2,540 | $751,068 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 07758, located in Port Monmouth, New Jersey, presents a unique investment opportunity for landlords and small-portfolio investors when considering both yield and stability.
On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $1,900, which is significantly higher than the current market rent of $1,158. This indicates a potential for increased rental income if properties can be leased at FMR rates. However, the median home value of $611,042 suggests that the cost of acquiring these properties might be relatively high compared to other areas. Despite this, the disparity between FMR and market rent points towards a high-yield market.
Moving to the stability axis, the ZIP code has a renter occupancy rate of 19.1%, which is notably low. This could imply a higher risk of vacancy, especially if the area sees an influx of homeowners rather than renters. The lack of data on days on market (DOM) makes it difficult to assess how quickly properties are rented out, but the average household income of $115,298 provides some assurance that there is financial stability among the residents. High incomes generally correlate with lower eviction rates and better tenant reliability.
Considering these factors, ZIP 07758 leans towards being a high-yield/low-stability market. The significant difference between FMR and market rent suggests strong potential for rental income growth, but the low renter occupancy rate poses a risk. Investors should be prepared for possible challenges in maintaining consistent cash flow due to the lower percentage of renters in the area. However, the robust average income offers a counterbalance, potentially mitigating some risks associated with tenant default.
To summarize, the key figures driving this classification are the FMR of $1,900 versus the market rent of $1,158, indicating a high-yield potential, and the 19.1% renter occupancy rate, suggesting lower stability. The median home value of $611,042 and average household income of $115,298 further contextualize the investment landscape.
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.