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 | $1,410 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,820 | $397,395 | 0.46% | F |
| 3BR | $2,170 | $548,683 | 0.4% | F |
| 4BR | $2,390 | $741,654 | 0.32% | F |
| 5BR | $2,772 | $963,941 | 0.29% | F |
U.S. Census Bureau data (2024)
To classify ZIP 08022, which includes Mansfield Township, NJ, we must consider both yield and stability metrics. The Federal Market Rent (FMR) for ZIP 08022 in fiscal year 2024 is set at $1960. This figure represents the maximum rent that a landlord can charge under the Section 8 program. Comparatively, the median home value in the area is $527,159, indicating a relatively expensive housing market.
On the stability front, only 3.2% of residents are classified as renters, suggesting a primarily owner-occupied community. The average income level in ZIP 08022 is $117,679, which is quite high and indicates a financially stable population. However, without knowing the typical days on market (DOM) for rental properties, it's challenging to gauge how quickly units might turn over, a key factor in assessing stability.
The low percentage of renters combined with the high median income suggests a stable environment but also implies limited demand for rental properties. Given the high FMR relative to the median home value, there is potential for high yield if you can secure tenants willing to pay the maximum allowable rent. However, the limited rental market and high home values suggest that finding such tenants could be difficult.
ZIP 08022 does not fit neatly into a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it occupies a middle ground where the potential for high yield exists due to the favorable FMR, but the overall stability and limited rental market make it less appealing for speculative investments. Landlords and small-portfolio investors should focus on long-term, stable cash flow rather than short-term gains.
To conclude, ZIP 08022 offers a moderate yield opportunity with a strong foundation of financial stability among its residents. However, the low proportion of renters and high home values indicate that this is not an ideal location for flipping properties or seeking quick returns. It is best suited for those who can manage properties effectively and are looking for consistent, albeit potentially modest, 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.