Section 8 Fair Market Rent (FMR) for ZIP 08010 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 08010

• Burlington Housing Authority (Burlington, NJ)
• Beverly Housing Authority (Beverly, NJ)
• Florence Housing Authority (Florence, NJ)

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). 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.