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 | $1,290 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $246,595 | 0.68% | D |
| 3BR | $1,990 | $302,641 | 0.66% | D |
| 4BR | $2,190 | $349,280 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 08063, located in National Park, NJ, presents a dynamic rental market characterized by a Federal Market Rent (FMR) of $1840 for fiscal year 2024. This figure is notably higher than the reported market rent of $1,355, as per the latest Census American Community Survey (ACS) data. The discrepancy between the FMR and the actual market rent suggests that the rental market in National Park may be experiencing some form of distortion, possibly due to government subsidies or other factors that influence the pricing of rental units.
The median home value in ZIP 08063 stands at $270,952. While this metric alone doesn't indicate whether supply outpaces demand or vice versa, it provides a baseline for understanding the overall property values in the area. With a 13.7% renter share, it's evident that a significant portion of the population relies on rental housing, which can exert long-term pressure on the availability of affordable units. A high percentage of renters often correlates with areas where homeownership may be less accessible due to financial constraints or other barriers, leading to sustained demand for rental properties.
The dynamics of this market are complex, but the high FMR relative to the market rent indicates a potential for upward pressure on rents if the subsidy levels were to decrease. Conversely, the current lower market rent might suggest an oversupply of rental units, or perhaps that landlords are willing to accept lower rents to remain competitive. However, the lack of specific data on price-cut shares and days on market (DOM) makes it difficult to draw definitive conclusions on the balance between supply and demand.
The 13.7% renter share also implies that there could be a steady flow of new tenants entering the market, driven by the inability to purchase homes at the median value. This could lead to a situation where rental demand remains robust over the long term, creating a persistent need for rental properties in the area. Landlords and small-portfolio investors should consider these factors when evaluating their investment strategies in National Park, NJ.
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.