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 | $1,260 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,630 | $216,793 | 0.75% | D |
| 3BR | $1,940 | $285,585 | 0.68% | D |
| 4BR | $2,140 | $327,132 | 0.65% | D |
U.S. Census Bureau data (2024)
The ZIP code 08070, located in Pennsville, NJ, presents a dynamic rental market that is currently experiencing equilibrium between supply and demand. The Fair Market Rent (FMR) for the area is set at $1540 for fiscal year 2024, while the actual market rent, according to the Census ACS, stands at $1,231. This indicates that the market rent is below the FMR, suggesting a slight oversupply of rental units or a preference among tenants for lower-cost options.
The 0.2% price-cut share is an important indicator of the current market conditions. It suggests that landlords are willing to reduce rents minimally to attract tenants, implying a balanced market where neither side holds significant leverage over the other. However, the N/A-day Days on Market (DOM) figure indicates incomplete data, which could mean that the market is stable enough that units are being rented quickly, without the need for extended listing periods.
The median home value in ZIP 08070 is $266,404, which reflects a middle-class residential area. Coupled with the 19.6% renter share, this suggests a community where a substantial portion of residents choose to rent rather than buy. A higher renter share can be indicative of long-term housing pressure, as it often means that many individuals find homeownership unaffordable or prefer the flexibility of renting. This dynamic can create ongoing demand for rental properties, making ZIP 08070 a steady market for landlords and small-portfolio investors.
In summary, the market in ZIP 08070 appears to be moving towards a state where demand for rentals is strong but not overwhelming, and the supply is adequate to meet this demand. Landlords should anticipate a competitive yet manageable environment, with a consistent flow of renters due to the high percentage of the population choosing to rent. This makes the area a reliable investment opportunity, particularly for those who can offer well-maintained, competitively priced rental units.
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.