What is the Fair Market Rent in Ocean Grove, NJ?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07756, which covers Ocean Grove, is $1,710 a month.

Across the whole Monmouth-Ocean, NJ HUD Metro FMR Area the two-bedroom figure is $2,283.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,283
2 bedrooms, ZIP 07756: $1,710

Fair Market Rents for Ocean Grove, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Monmouth-Ocean, NJ HUD Metro FMR Area (whole area)	$1,671	$1,847	$2,283	$2,927	$3,241	—
ZIP 07756 (99% of the ZIP’s land is in this place)	$1,250	$1,380	$1,710	$2,190	$2,430	$1,488

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

Ocean Grove is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Neptune Township, whose figures include it.

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Questions about Ocean Grove

What is the Section 8 payment standard in Ocean Grove?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Monmouth-Ocean, NJ HUD Metro FMR Area is $2,283, and the Small Area figure for 07756 is $1,710.

What is the Fair Market Rent for a two-bedroom in ZIP 07756?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07756 is $1,710 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,488 (±$350).

What is the Fair Market Rent for a one-bedroom in Ocean Grove?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 07756 is $1,380 a month, against $1,847 across the Monmouth-Ocean, NJ HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.