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 | $1,660 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,150 |
| 3 Bedrooms | $2,560 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,150 | $230,337 | 0.93% | C |
| 3BR | $2,560 | $353,636 | 0.72% | D |
| 4BR | $2,830 | $694,995 | 0.41% | F |
| 5BR | $3,283 | $813,003 | 0.4% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 08048 (Lumberton Township, NJ) on the yield and stability axes reveals a moderate potential investment area for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,050, which is higher than the market rent of $1,867 but significantly lower than the median home value of $490,742. This suggests that while there is some upside in rental pricing relative to the market, the overall property values are high, indicating a balance between potential rental returns and capital appreciation.
On the stability axis, the ZIP code presents a mixed picture. With 26.8% of the population being renters, the demand for rental properties is relatively stable but not exceptionally high. The lack of data on the average days on market (DOM) makes it difficult to assess the speed at which rental units are typically filled or vacated, which could impact the continuity of cash flow. However, the median household income of $113,440 provides a solid foundation for rental payments, suggesting that tenants can afford their rents, thereby contributing to financial stability.
Given these figures, ZIP 08048 does not fit the profile of a high-yield/low-stability flip-style market. Instead, it leans towards a steady-cashflow zone. The higher FMR compared to the market rent indicates that landlords can potentially charge slightly above market rates, leading to a modest yield increase. However, the relatively low percentage of renters and the high median home value suggest that while the market offers stability, it also has limited room for significant yield growth through rental price increases alone. Therefore, investors should consider this ZIP code as offering reliable, though not extraordinarily high, returns.
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.