Section 8 Fair Market Rent (FMR) for ZIP 08099 - 2027

FY 2027 Fair Market Rent Rates

Bellmawr, NJ, represented by ZIP code 08099, is a medium-sized community with a total population of 13,099 residents. This neighborhood is characterized by an affordable housing market, with median home values around $159,380. The median household income in the area is $43,099.

In terms of rent economics, the Fair Market Rent (FMR) for ZIP code 08099 in fiscal year 2024 is set at $1,670. In contrast, the median market rent is $1,197. This difference highlights the potential opportunity for landlords and small-portfolio investors to participate in the Section 8 program.

The area is suitable for both hands-off voucher operators and hands-on value-add buyers. With a lower-than-average cost of living index of 59, compared to the national average of 100, your investment will likely yield a higher return on investment due to the extended purchasing power of residents. Additionally, the median age of 30 years indicates a younger, dynamic community, suggesting potential for growth and development.

However, the safety score of 50/100 suggests higher crime rates, which may necessitate additional safety measures for properties. Despite this, the overall livability score of 76 out of 100 still reflects a good quality of life, supported by strong employment rates and diverse economic activities.

Investors should consider the FMR versus market rent differential as a key factor in deciding whether to engage in the Section 8 program. Given the data, Bellmawr offers a balanced environment for both passive and active real estate strategies.

Data Sources: FMR data from HUD (2027).

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.