Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
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 | $1,620 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,100 | $269,706 | 0.78% | D |
| 3BR | $2,520 | $356,809 | 0.71% | D |
| 4BR | $2,780 | $433,533 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP code 08004, located in Atco, New Jersey, stands out within Camden County due to its unique demographic and economic characteristics. With a population of 11,429 residents, it has a relatively low rental rate of 18.6%, indicating that most homeowners in the area own their properties outright. The median income for households in Atco is $111,738, which is significantly higher than the national average, suggesting a robust local economy. Furthermore, the median home value in this ZIP is $356,638, reflecting the value of property in the region.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 08004 in fiscal year 2024 is set at $2,280. This amount is nearly double the actual market rent of $1,119, based on recent Census ACS data. This discrepancy means that landlords accepting Section 8 vouchers can potentially earn above-market rents, making it a financially attractive option for property owners in Atco. Additionally, the higher median income and home values indicate that the community is capable of supporting higher rent levels without placing undue financial strain on tenants.
The data signature for ZIP 08004 reads as stable. The high median income and home values suggest a steady economic environment where both landlords and tenants can benefit from the current housing dynamics. The significant gap between the FMR and the actual market rent provides a strong incentive for landlords to participate in the Section 8 program, ensuring a reliable tenant base and a steady stream of rental income.
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.