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 | $1,330 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,720 | $191,249 | 0.9% | C |
| 3BR | $2,050 | $249,093 | 0.82% | C |
| 4BR | $2,260 | $301,247 | 0.75% | D |
U.S. Census Bureau data (2024)
ZIP code 08069, located in Carneys Point, NJ, within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, presents a distinct profile compared to typical ZIP codes in this extensive metropolitan area. The Fair Market Rent (FMR) for ZIP 08069 is set at $1,610 for fiscal year 2024, which is notably lower than the average market rent of $2,013. This difference suggests that subsidized housing through programs like Section 8 can be offered at rates below what the private market demands, creating a favorable environment for landlords and small-portfolio investors who can attract tenants with government assistance.
The home value in this ZIP code is listed at $236,721, indicating a relatively affordable living environment. In comparison, typical home values across the Philadelphia MSA tend to be higher, often exceeding $300,000, particularly in urban centers like Philadelphia and Camden. This makes ZIP 08069 stand out as a more budget-friendly option within the broader MSA.
A significant factor is the renter share, which in ZIP 08069 is 46.1%. This figure is above average for the Philadelphia MSA, where the typical renter share is usually around 40%. High renter shares combined with below-average home values often signal a sweet spot for Section 8 investments, as there is a strong demand for rental properties that can accommodate subsidized tenants.
Based on these specific figures, ZIP 08069 appears to be a value pocket within the Philadelphia-Camden-Wilmington MSA. It offers a lower cost of entry for investors looking to capitalize on rental markets, especially those interested in Section 8 properties. The combination of lower FMR, modest home values, and a higher-than-average renter share suggests a niche where subsidized tenants can find suitable housing without placing undue financial strain on landlords. This positioning makes it an attractive opportunity for small-portfolio investors seeking stable returns with manageable risks.
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.