Cape May County, NJ

2024 Fair Market Rents

Tags: 2024 Ocean City, NJ MSA

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The top four largest cities in Cape May County are Cape May, Cape May Court House, Wildwood, and Ocean City. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Cape May County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Cape May County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Cape May County compare?

Cape May County ($1,569) has a 16.9% lower FMR for 2-Bedroom housing than the average of New Jersey ($1,889) and therefore has a lower gross rent.

Cape May County is rank 19th out of 21 counties. This means the FMRs, or in other words, the gross rent is lower than 18 other counties. Cape May County is the 3rd cheapest county in terms of FMRs.

Rent Tables Cape May County, NJ

Fair Market Rent (40th Percentile)

$1,107
studio
$1,194
1-Bedroom
$1,569
2-Bedroom
$1,973
3-Bedroom
$2,090
4-Bedroom

Median Rent (50th Percentile)

$1,226
studio
$1,323
1-Bedroom
$1,738
2-Bedroom
$2,186
3-Bedroom
$2,315
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08202 $1,160 $1,260 $1,650 $2,080 $2,200
08204 $1,060 $1,140 $1,500 $1,890 $2,000
08210 $1,210 $1,310 $1,720 $2,160 $2,290
08212 $1,080 $1,230 $1,620 $2,010 $2,190
08214 $1,110 $1,190 $1,570 $1,970 $2,090
08218 $1,110 $1,190 $1,570 $1,970 $2,090
08219 $1,110 $1,190 $1,570 $1,970 $2,090
08223 $1,310 $1,420 $1,860 $2,340 $2,480
08226 $1,230 $1,330 $1,750 $2,200 $2,330
08230 $1,040 $1,130 $1,480 $1,860 $1,970
08242 $1,060 $1,140 $1,500 $1,890 $2,000
08243 $1,400 $1,510 $1,980 $2,490 $2,640
08245 $1,110 $1,190 $1,570 $1,970 $2,090
08246 $1,210 $1,310 $1,720 $2,160 $2,290
08247 $1,150 $1,240 $1,630 $2,050 $2,170
08248 $1,330 $1,440 $1,890 $2,370 $2,510
08250 $1,110 $1,190 $1,570 $1,970 $2,090
08251 $1,200 $1,290 $1,700 $2,140 $2,260
08252 $1,110 $1,190 $1,570 $1,970 $2,090
08260 $990 $1,070 $1,400 $1,760 $1,880
08314 $1,190 $1,220 $1,550 $2,050 $2,120
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08202 $1,044 $1,134 $1,485 $1,872 $1,980
08204 $954 $1,026 $1,350 $1,701 $1,800
08210 $1,089 $1,179 $1,548 $1,944 $2,061
08212 $972 $1,107 $1,458 $1,809 $1,971
08214 $999 $1,071 $1,413 $1,773 $1,881
08218 $999 $1,071 $1,413 $1,773 $1,881
08219 $999 $1,071 $1,413 $1,773 $1,881
08223 $1,179 $1,278 $1,674 $2,106 $2,232
08226 $1,107 $1,197 $1,575 $1,980 $2,097
08230 $936 $1,017 $1,332 $1,674 $1,773
08242 $954 $1,026 $1,350 $1,701 $1,800
08243 $1,260 $1,359 $1,782 $2,241 $2,376
08245 $999 $1,071 $1,413 $1,773 $1,881
08246 $1,089 $1,179 $1,548 $1,944 $2,061
08247 $1,035 $1,116 $1,467 $1,845 $1,953
08248 $1,197 $1,296 $1,701 $2,133 $2,259
08250 $999 $1,071 $1,413 $1,773 $1,881
08251 $1,080 $1,161 $1,530 $1,926 $2,034
08252 $999 $1,071 $1,413 $1,773 $1,881
08260 $891 $963 $1,260 $1,584 $1,692
08314 $1,071 $1,098 $1,395 $1,845 $1,908
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08202 $1,276 $1,386 $1,815 $2,288 $2,420
08204 $1,166 $1,254 $1,650 $2,079 $2,200
08210 $1,331 $1,441 $1,892 $2,376 $2,519
08212 $1,188 $1,353 $1,782 $2,211 $2,409
08214 $1,221 $1,309 $1,727 $2,167 $2,299
08218 $1,221 $1,309 $1,727 $2,167 $2,299
08219 $1,221 $1,309 $1,727 $2,167 $2,299
08223 $1,441 $1,562 $2,046 $2,574 $2,728
08226 $1,353 $1,463 $1,925 $2,420 $2,563
08230 $1,144 $1,243 $1,628 $2,046 $2,167
08242 $1,166 $1,254 $1,650 $2,079 $2,200
08243 $1,540 $1,661 $2,178 $2,739 $2,904
08245 $1,221 $1,309 $1,727 $2,167 $2,299
08246 $1,331 $1,441 $1,892 $2,376 $2,519
08247 $1,265 $1,364 $1,793 $2,255 $2,387
08248 $1,463 $1,584 $2,079 $2,607 $2,761
08250 $1,221 $1,309 $1,727 $2,167 $2,299
08251 $1,320 $1,419 $1,870 $2,354 $2,486
08252 $1,221 $1,309 $1,727 $2,167 $2,299
08260 $1,089 $1,177 $1,540 $1,936 $2,068
08314 $1,309 $1,342 $1,705 $2,255 $2,332

Fair Market Rents on this page apply to the following cities in Cape May County, New Jersey: Cape May, Cape May Court House, Wildwood, Ocean City, Villas, Ocean View, Marmora, Rio Grande, Sea Isle City, Avalon, Stone Harbor, Tuckahoe, Green Creek, Goshen, South Dennis, South Seaville, Strathmere, Dennisville, Whitesboro, and Cape May Point.

These Fair Market Rents also apply to the following ZIP codes in Cape May County, New Jersey: 08204, 08210, 08260, 08226, 08251, 08230, 08223, 08242, 08243, 08202, 08247, 08250, 08219, 08218, 08245, 08246, 08248, 08214, 08252, and 08212.

Cape May County, NJ is considered part of the following metro FMR area: OCEAN CITY, NJ MSA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.