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 | $1,890 |
| 1 Bedroom | $2,090 |
| 2 Bedrooms | $2,580 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,660 |
| 5 Bedrooms | $4,246 |
| 6 Bedrooms | $4,756 |
| 7 Bedrooms | $5,136 |
| 8 Bedrooms | $5,393 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,580 | $803,790 | 0.32% | F |
| 3BR | $3,310 | $1,354,003 | 0.24% | F |
| 4BR | $3,660 | $2,822,481 | 0.13% | F |
| 5BR | $4,246 | $4,631,993 | 0.09% | F |
U.S. Census Bureau data (2024)
ZIP 08750, located in Sea Girt, NJ, is part of the Monmouth-Ocean, NJ HUD Metro FMR Area. This ZIP code can serve as a cash-flow anchor within a Section 8 portfolio strategy due to its favorable financial metrics.
The Fair Market Rent (FMR) for ZIP 08750 in fiscal year 2024 is set at $1860. In comparison, the current market rent stands at $1934, indicating a minimal spread of $74 between the two. Given that the median home value in this area is significantly higher at $2,412,327, the relatively low rental rates suggest that properties in ZIP 08750 are well-positioned to attract tenants under the Section 8 program without sacrificing much potential market rent. This makes it an ideal candidate for generating steady, reliable cash flow.
While appreciation plays and diversifiers are important components of any investment strategy, the limited data available suggests that ZIP 08750 does not offer significant upside in terms of price cuts or days on market (DOM), which would be indicative of a strong appreciation opportunity. Similarly, with only 19.2% of the population being renters and a median income of $134,167, this ZIP code does not present itself as a primary diversification target. Instead, it offers a stable base upon which to build a Section 8 portfolio, ensuring consistent income streams that are less prone to volatility.
To summarize, ZIP 08750 should be viewed primarily as a cash-flow anchor in a Section 8 portfolio strategy. The small gap between the FMR and market rent, combined with the high median home value, supports this classification. Landlords and small-portfolio investors can rely on this ZIP code to provide predictable returns, making it a valuable addition to their investment mix.
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.