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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,860 | $464,883 | 0.4% | F |
| 3BR | $2,220 | $693,775 | 0.32% | F |
| 4BR | $2,440 | $1,082,531 | 0.23% | F |
| 5BR | $2,830 | $1,472,462 | 0.19% | F |
U.S. Census Bureau data (2024)
ZIP 08033, located in Haddonfield, NJ, is an ideal cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 08033 in fiscal year 2024 is set at $1690, which is slightly below the market rent of $1776. This creates a manageable spread of $86 per unit, ensuring that landlords can cover their expenses and still maintain a positive cash flow.
The median home value in Haddonfield is $791,249, indicating a stable and affluent residential area. With a median income of $151,181, tenants in this ZIP code are likely to be reliable and have the financial means to meet their rental obligations on time. This stability is crucial for a cash-flow anchor, as it ensures consistent and predictable income.
Furthermore, the low 0.2% price-cut share and the absence of data for days on market (DOM) suggest that properties in this area rarely go unsold or unrented. This points to a strong demand for housing, making it easier for landlords to find tenants willing to pay the market rate. In addition, the 25.6% renter share indicates a significant portion of the population is renting, providing ample opportunity for landlords to fill units without extended vacancy periods.
While ZIP 08033 could also serve as an appreciation play due to its high median home value, the primary focus should be on its role as a cash-flow anchor. The slight undervaluation of FMR compared to market rent, combined with the high median income and low price-cut share, makes this ZIP code a reliable choice for generating steady cash flows. Landlords and small-portfolio investors can confidently include units in this ZIP code as part of their core investment strategy, knowing they will provide a solid foundation for overall portfolio performance.
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.