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 | $1,570 |
| 1 Bedroom | $1,700 |
| 2 Bedrooms | $2,030 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,030 | $378,823 | 0.54% | F |
| 3BR | $2,420 | $439,769 | 0.55% | F |
| 4BR | $2,670 | $727,222 | 0.37% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 08036, located in Hainesport Township, NJ, does not work favorably for landlords. The Fair Market Rent (FMR) set at $1520 for the fiscal year 2024 is significantly lower than the actual market rent of $2,002 based on Census ACS data. This disparity means that landlords receiving Section 8 subsidies would be renting below market rates, which could lead to financial strain.
Acquisition of properties in this area is moderately affordable. With a median home value of $520,329, purchasing a property is feasible but requires careful consideration. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts makes it difficult to assess how quickly properties sell and at what price point. This uncertainty should be factored into any investment decision.
Tenant demand is relatively low in ZIP 08036. The total population is 6,065, with only 10.7% being renters. This translates to approximately 649 potential tenants, indicating a smaller pool of prospective Section 8 participants compared to areas with higher renter shares. The limited number of renters suggests that finding and retaining tenants might pose challenges.
In conclusion, while the acquisition cost of properties in Hainesport Township, NJ, is within an acceptable range, the unfavorable rent math and limited tenant demand make this area less attractive for landlords and small-portfolio investors looking to participate in the Section 8 program. The discrepancy between FMR and market rent, coupled with the small number of renters, could result in reduced profitability and increased difficulty in filling vacancies. Therefore, potential investors should carefully weigh these factors before committing to this ZIP code.
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.