Cape May County, NJ

2025 Fair Market Rents

Tags: 2025 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 ($1,591) has a 19.4% lower FMR for 2-Bedroom housing than the average of New Jersey ($1,973) and therefore has a lower gross rent.

Cape May County is rank 20th out of 21 counties. This means the FMRs, or in other words, the gross rent is lower than 19 other counties. Cape May County is the 2nd cheapest county in terms of FMRs.

Rent Tables Cape May County, NJ

Fair Market Rent (40th Percentile)

$1,192
studio
$1,213
1-Bedroom
$1,591
2-Bedroom
$2,127
3-Bedroom
$2,135
4-Bedroom

Median Rent (50th Percentile)

$1,323
studio
$1,346
1-Bedroom
$1,766
2-Bedroom
$2,361
3-Bedroom
$2,369
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 $1,300 $1,320 $1,730 $2,310 $2,320
08204 $1,120 $1,140 $1,500 $2,010 $2,010
08210 $1,300 $1,330 $1,740 $2,330 $2,330
08212 $1,120 $1,140 $1,500 $2,010 $2,010
08214 $1,190 $1,210 $1,590 $2,130 $2,130
08218 $1,190 $1,210 $1,590 $2,130 $2,130
08219 $1,190 $1,210 $1,590 $2,130 $2,130
08223 $1,440 $1,460 $1,920 $2,570 $2,580
08226 $1,360 $1,380 $1,810 $2,420 $2,430
08230 $1,370 $1,390 $1,830 $2,450 $2,460
08242 $1,180 $1,200 $1,580 $2,110 $2,110
08243 $1,520 $1,550 $2,030 $2,710 $2,720
08245 $1,190 $1,210 $1,590 $2,130 $2,130
08246 $1,300 $1,330 $1,740 $2,330 $2,330
08247 $1,330 $1,350 $1,770 $2,370 $2,370
08248 $1,390 $1,410 $1,850 $2,480 $2,490
08250 $1,190 $1,210 $1,590 $2,130 $2,130
08251 $1,310 $1,330 $1,750 $2,340 $2,350
08252 $1,190 $1,210 $1,590 $2,130 $2,130
08260 $1,070 $1,090 $1,430 $1,910 $1,920
08314 $1,210 $1,270 $1,590 $2,160 $2,180
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08202 $1,170 $1,188 $1,557 $2,079 $2,088
08204 $1,008 $1,026 $1,350 $1,809 $1,809
08210 $1,170 $1,197 $1,566 $2,097 $2,097
08212 $1,008 $1,026 $1,350 $1,809 $1,809
08214 $1,071 $1,089 $1,431 $1,917 $1,917
08218 $1,071 $1,089 $1,431 $1,917 $1,917
08219 $1,071 $1,089 $1,431 $1,917 $1,917
08223 $1,296 $1,314 $1,728 $2,313 $2,322
08226 $1,224 $1,242 $1,629 $2,178 $2,187
08230 $1,233 $1,251 $1,647 $2,205 $2,214
08242 $1,062 $1,080 $1,422 $1,899 $1,899
08243 $1,368 $1,395 $1,827 $2,439 $2,448
08245 $1,071 $1,089 $1,431 $1,917 $1,917
08246 $1,170 $1,197 $1,566 $2,097 $2,097
08247 $1,197 $1,215 $1,593 $2,133 $2,133
08248 $1,251 $1,269 $1,665 $2,232 $2,241
08250 $1,071 $1,089 $1,431 $1,917 $1,917
08251 $1,179 $1,197 $1,575 $2,106 $2,115
08252 $1,071 $1,089 $1,431 $1,917 $1,917
08260 $963 $981 $1,287 $1,719 $1,728
08314 $1,089 $1,143 $1,431 $1,944 $1,962
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
08202 $1,430 $1,452 $1,903 $2,541 $2,552
08204 $1,232 $1,254 $1,650 $2,211 $2,211
08210 $1,430 $1,463 $1,914 $2,563 $2,563
08212 $1,232 $1,254 $1,650 $2,211 $2,211
08214 $1,309 $1,331 $1,749 $2,343 $2,343
08218 $1,309 $1,331 $1,749 $2,343 $2,343
08219 $1,309 $1,331 $1,749 $2,343 $2,343
08223 $1,584 $1,606 $2,112 $2,827 $2,838
08226 $1,496 $1,518 $1,991 $2,662 $2,673
08230 $1,507 $1,529 $2,013 $2,695 $2,706
08242 $1,298 $1,320 $1,738 $2,321 $2,321
08243 $1,672 $1,705 $2,233 $2,981 $2,992
08245 $1,309 $1,331 $1,749 $2,343 $2,343
08246 $1,430 $1,463 $1,914 $2,563 $2,563
08247 $1,463 $1,485 $1,947 $2,607 $2,607
08248 $1,529 $1,551 $2,035 $2,728 $2,739
08250 $1,309 $1,331 $1,749 $2,343 $2,343
08251 $1,441 $1,463 $1,925 $2,574 $2,585
08252 $1,309 $1,331 $1,749 $2,343 $2,343
08260 $1,177 $1,199 $1,573 $2,101 $2,112
08314 $1,331 $1,397 $1,749 $2,376 $2,398

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