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 | $1,160 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $270,298 | 0.55% | F |
| 3BR | $1,790 | $324,326 | 0.55% | F |
| 4BR | $1,970 | $353,585 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 08031, located in Bellmawr, NJ, presents an interesting mix of yield and stability that can be beneficial for both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,430, which is notably lower than the market rent of $1,636. This indicates a potential opportunity for landlords who can offer competitive rents just above the FMR to attract tenants while still maintaining a good profit margin.
When it comes to yield, the median home value in the area stands at $310,887. Given the FMR and market rent figures, the potential rental income can be calculated to determine the yield. Assuming a median home is rented out at the market rate of $1,636 per month, the annual rental income would be approximately $19,632. This translates into a yield of about 6.3%, which is considered moderate but not unattractive, especially when compared to the FMR.
Regarding stability, 35.8% of residents are renters, suggesting a decent but not overwhelming proportion of the population relies on rental housing. However, the lack of data on the average number of days on the market (DOM) makes it challenging to assess how quickly properties can be leased or re-leased. The median household income of $76,654 provides some insight into the financial health of potential tenants, although it's important to note that this figure alone does not guarantee timely rent payments.
In summary, ZIP 08031 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The relatively low percentage of renters and the absence of DOM data suggest a market that favors long-term investments over quick flips. While the yield is not exceptionally high, it offers a reliable return on investment for those willing to hold onto properties for longer periods. Landlords should focus on maintaining properties to attract and retain tenants willing to pay the market rate, thereby ensuring consistent cash flow.
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.