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 | $1,540 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,670 | $181,939 | 0.92% | C |
| 2BR | $1,990 | $255,011 | 0.78% | D |
| 3BR | $2,370 | $360,006 | 0.66% | D |
| 4BR | $2,620 | $415,691 | 0.63% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 08052, Maple Shade Township, New Jersey, is set at $1,950 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders will receive up to $1,950 per month to cover their rent and utilities. It does not mean you will necessarily receive $1,950 as your rent; rather, it is the maximum amount the government will pay on behalf of eligible tenants.
To put this into perspective, the local Zillow Observed Rental Index (ZORI) for the area is currently at $1,759. This suggests that the average market rent is slightly below the Section 8 payment standard, making it a favorable option for landlords who want to ensure steady rental income without having to constantly seek new tenants.
With 51.0% of residents being renters, there is a strong demand for rental properties in Maple Shade Township. This high percentage indicates that many people rely on rentals, creating a robust tenant pool for those interested in participating in the Section 8 program.
If you're considering purchasing a property for your first Section 8 rental, be aware that the median home value in the area is approximately $333,182. This reflects the typical cost of acquiring a property suitable for such a venture. Given the steady rental income guaranteed by the Section 8 program, this can be a sound investment decision, especially if you're looking to enter the rental market with a manageable portfolio.
Before you proceed, verify that the property meets all local housing quality standards (HQS). These standards are essential because they determine whether a unit is eligible for the Section 8 program. Ensuring compliance with these regulations will save you time and money in the long run and guarantee that you can start receiving payments promptly.
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.