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 | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,440 |
| 5 Bedrooms | $2,830 |
| 6 Bedrooms | $3,170 |
| 7 Bedrooms | $3,424 |
| 8 Bedrooms | $3,595 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,560 | $160,539 | 0.97% | C |
| 2BR | $1,860 | $221,693 | 0.84% | C |
| 3BR | $2,220 | $359,117 | 0.62% | D |
| 4BR | $2,440 | $413,409 | 0.59% | F |
| 5BR | $2,830 | $447,292 | 0.63% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 08010, located in Edgewater Park Township, NJ, within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA metro, reveals several key points for landlords and small-portfolio investors.
Firstly, the rent math works favorably. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1900, which exceeds the current market rent of $1,762 (ZORI). This indicates that landlords can potentially charge above the market rate and still attract tenants, thereby increasing profitability.
Secondly, acquisition appears affordable. With a median home value of $330,761, purchasing properties in this area is within reach for many investors. The lack of data on days on market (DOM) and the low 0.2% price-cut share suggest that homes are selling quickly and without significant discounts, indicating a stable and possibly growing real estate market.
Lastly, there is a substantial tenant demand. The population of 11,861 residents includes a notable 25.1% who are renters. This suggests a steady pool of potential tenants, ensuring a consistent demand for rental properties.
In conclusion, ZIP 08010 presents a viable investment opportunity for landlords and small-portfolio investors. The favorable rent differential, affordable property prices, and strong tenant demand make it a promising area for real estate investments.
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.