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 | $1,700 |
| 1 Bedroom | $1,840 |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | $2,620 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,200 | $316,687 | 0.69% | D |
| 3BR | $2,620 | $345,038 | 0.76% | D |
| 4BR | $2,890 | $541,152 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 08086, located in West Deptford Township, NJ, is part of the larger Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. To understand its position within this metro, we can compare its key metrics to typical ZIP codes in the area.
The Fair Market Rent (FMR) for ZIP 08086 in fiscal year 2024 is set at $2,110. This figure represents the upper limit for rental costs under the Section 8 program. In contrast, the market rent for the same ZIP is $1,723. This indicates that the actual rental rates are below the FMR, suggesting a potential opportunity for landlords who can meet the lower market rent while still qualifying for higher Section 8 payments.
The median home value in ZIP 08086 stands at $358,710. This is notably lower than many other ZIP codes within the Philadelphia-Camden-Wilmington MSA, which often have median home values exceeding $400,000. The lower home value could be indicative of a value pocket, where properties are more affordable compared to the broader metro area.
The renter share in ZIP 08086 is 26.8%. This percentage is slightly above the average for the metro, which typically has a renter share closer to 20%. A higher renter share combined with lower home values and below-average market rents suggests that this ZIP code could be an attractive location for Section 8 tenants.
Based on these figures, ZIP 08086 appears to be a value pocket within the Philadelphia-Camden-Wilmington MSA. It offers lower home values and market rents compared to the broader metro, while still maintaining a decent renter share. Landlords and small-portfolio investors should consider the potential for higher profit margins due to the difference between market rents and FMRs, especially if they cater to Section 8 participants.
However, it's important to note that these metrics alone do not paint the entire picture. Other factors such as crime rates, school quality, and local amenities also play a significant role in determining the overall attractiveness of the ZIP code for both tenants and investors. Despite this, the data points to 08086 as a promising area for those looking to enter the Section 8 housing market without the higher costs associated with premium sub-markets.
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.