Cape May County, NJ HUD Metro FMR Area · FY2026 area median income $115,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $405 | $608 | $811 | $1,013 | $1,216 | $1,419 | $1,622 |
| 1BR | $434 | $651 | $869 | $1,086 | $1,303 | $1,520 | $1,738 |
| 2BR | $521 | $782 | $1,043 | $1,303 | $1,564 | $1,825 | $2,086 |
| 3BR | $602 | $903 | $1,204 | $1,505 | $1,806 | $2,107 | $2,409 |
| 4BR | $672 | $1,008 | $1,344 | $1,680 | $2,016 | $2,352 | $2,688 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $24,330 | $40,550 | $48,660 | $64,880 |
| 2 persons | $27,810 | $46,350 | $55,620 | $74,160 |
| 3 persons | $31,290 | $52,150 | $62,580 | $83,440 |
| 4 persons | $34,740 | $57,900 | $69,480 | $92,640 |
| 5 persons | $37,530 | $62,550 | $75,060 | $100,080 |
| 6 persons | $40,320 | $67,200 | $80,640 | $107,520 |
| 7 persons | $43,080 | $71,800 | $86,160 | $114,880 |
| 8 persons | $45,870 | $76,450 | $91,740 | $122,320 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Cape May County to see the sources and uses, bond test, DSCR, and funding gap using these rents.