Location: Monmouth-Ocean, NJ | Metro: Monmouth-Ocean, NJ HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,710 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $2,990 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
The classification of ZIP 07763 (Manalapan, NJ) on the yield and stability axes requires specific data points which were partially available through the search. The Fair Market Rent (FMR) for ZIP 07763 in fiscal year 2024 is $1910, indicating a moderate yield potential compared to the overall market. However, the exact market rent and median home values were not explicitly stated in the available data.
Regarding stability, the percentage of renters, average days on market (DOM), and median income levels were not directly provided. This lack of data makes it challenging to fully assess the stability of the market. Nonetheless, the presence of several new listings suggests an active market, though this alone does not provide insight into the rate of sales or the DOM.
Based on the FMR of $1910, landlords can expect a consistent cash flow if they align their rental prices accordingly. However, without detailed market rent and DOM figures, it's difficult to determine whether this is a high-yield/low-stability flip-style market or a steady-cashflow zone. The median home values and income levels would be crucial to understand the financial health and demand stability of the area.
To make a more informed decision, landlords and small-portfolio investors should seek additional local real estate reports and market analyses to fill in these gaps. This will provide a clearer picture of the market dynamics in ZIP 07763.
Data Sources: FMR data from HUD (2027).
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.