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 | $1,350 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,500 | $353,397 | 0.42% | F |
| 2BR | $1,850 | $488,266 | 0.38% | F |
| 3BR | $2,370 | $789,650 | 0.3% | F |
| 4BR | $2,630 | $1,125,177 | 0.23% | F |
| 5BR | $3,051 | $1,265,267 | 0.24% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 08751, Seaside Heights, New Jersey, for fiscal year 2024 is set at $1560. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is not the rent you will receive; rather, it's the ceiling on what tenants can be asked to pay.
In comparison, the average rent in Seaside Heights based on Census ACS data is $1481. This indicates that the FMR is slightly above the typical market rate, providing a margin that might help cover maintenance costs and other expenses associated with renting out a property.
With 38.9% of residents being renters, there is a significant demand for rental properties in Seaside Heights. This high percentage suggests that there are many potential tenants who could benefit from the Section 8 program, increasing the likelihood of finding suitable occupants for your property.
If you're considering purchasing a property to participate in Section 8, the median home value in Seaside Heights is approximately $712,556. This figure should be factored into your decision-making process regarding the acquisition cost of a new rental property.
Before proceeding, verify that your property meets all the necessary requirements for Section 8 eligibility. These include passing an inspection to ensure it meets housing quality standards and confirming that the rent is within the established limits. This step is crucial to avoid any delays or complications once you have made the investment.
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.