Location: Jersey City, NJ | Metro: Jersey City, 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 | $3,690 |
| 1 Bedroom | $3,770 |
| 2 Bedrooms | $4,190 |
| 3 Bedrooms | $5,090 |
| 4 Bedrooms | $5,970 |
| 5 Bedrooms | $6,925 |
| 6 Bedrooms | $7,756 |
| 7 Bedrooms | $8,376 |
| 8 Bedrooms | $8,795 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,770 | $729,518 | 0.52% | F |
| 2BR | $4,190 | $1,109,401 | 0.38% | F |
U.S. Census Bureau data (2024)
ZIP 07310, located in Jersey City, NJ, is an ideal candidate for appreciation potential within a Section 8 portfolio strategy. Although the Federal Market Rent (FMR) for the area is set at $3450 for fiscal year 2024, the market rent stands at $4,258, indicating a significant gap that landlords can leverage.
The spread between the FMR and the market rent suggests that there is room for upward adjustment as the housing market continues to evolve. The median home value in ZIP 07310 is $928,927, which is considerably high and indicative of a robust real estate market. This strong market presence supports the notion that properties in this area could appreciate over time, making it a strategic choice for long-term investment.
While the data does not provide specific percentages for price-cut shares or days on market (DOM), the high median income of $183,464 points towards a financially stable tenant base. This stability is crucial for maintaining consistent rental income and minimizing the risk of vacancies. Additionally, the 90.6% renter share highlights the demand for rental properties in the area, further supporting the idea that ZIP 07310 is well-suited for appreciation plays.
Incorporating ZIP 07310 into a Section 8 portfolio strategy would position landlords to benefit from future market growth. The combination of a high median home value and a substantial renter share creates an environment where property values are likely to increase, thus providing an opportunity for capital appreciation. Landlords should be prepared to manage the initial cash flow constraints due to the lower FMR compared to market rates but can expect long-term gains as the market continues to strengthen.
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.