Section 8 Fair Market Rent (FMR) for ZIP 08027 - 2027

Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

Investment Score for ZIP 08027

Monthly Rent (2BR)

$1,820

Median Price (2BR)

$280,776

1% Rule

0.65%

Annual Yield

7.78%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,820	$280,776	0.65%	D
3BR	$2,170	$340,461	0.64%	D
4BR	$2,390	$386,213	0.62%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,984

Median Household Income

$92,128

Housing Units

2,089

Renter Percentage

9.4%

Occupancy Rate

97.8%

Renter Occupied

193

Gibbstown, NJ, located within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, has distinct characteristics that set it apart from other ZIP codes in the metro area. The Fair Market Rent (FMR) for ZIP code 08027 in fiscal year 2024 is $1,670. This figure is notably higher than the market rent of $1,297, indicating that the government's assessment of rental value in this area is above what the private market currently demands.

The median home value in Gibbstown is $323,659, which is lower than the average home values found in many parts of the Philadelphia-Camden-Wilmington MSA. This suggests that Gibbstown may be considered a value pocket within the larger metro area, offering relatively affordable housing options compared to surrounding areas.

The renter share in ZIP code 08027 is 9.4%. While this percentage is not exceptionally high, it does suggest a modest presence of renters in the area. Given the lower home values and the higher FMR compared to market rent, this ZIP code could be an attractive location for landlords participating in the Section 8 program, as it offers a balance between affordable housing and government-supported rental rates.

To further contextualize Gibbstown's position within the metro, consider the following:

Affordability: The lower home values indicate that the area is more affordable than many other parts of the Philadelphia-Camden-Wilmington MSA, making it potentially appealing to first-time homebuyers and those seeking more economical living arrangements.
Rental Market: With a renter share of 9.4%, the area has a smaller but present rental market. The higher FMR compared to market rent implies that there may be opportunities for landlords who can offer units at or near the FMR, benefiting from the government subsidy while still providing reasonably priced housing.
Investment Potential: For small-portfolio investors, Gibbstown represents a value pocket where investment in rental properties can be made at lower initial costs, with potential for steady income through participation in the Section 8 program.

The divergence between the FMR and the actual market rent, combined with the lower home values, points towards Gibbstown being a section of the metro where the cost of living is more accessible. This makes it a strategic location for those looking to invest in affordable housing markets within the Philadelphia-Camden-Wilmington MSA.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.