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 | $1,250 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,620 | $238,453 | 0.68% | D |
| 3BR | $1,930 | $310,087 | 0.62% | D |
| 4BR | $2,130 | $348,563 | 0.61% | D |
U.S. Census Bureau data (2024)
The real estate landscape in Pennsauken, NJ (ZIP 08110), reveals a nuanced picture for both landlords and small-portfolio investors. With a median home value at $291,744, the area stands out for its affordability compared to surrounding regions. However, the fact that only 0.2% of listings have seen reductions suggests that sellers are holding firm on their asking prices, indicating a relatively stable market where pricing power remains strong.
The median Days on Market (DOM) being listed as N/A can imply several things. It could suggest that homes are selling quickly, often before reaching a typical DOM threshold, which supports the notion of a seller's market. Alternatively, it might indicate that the data set is too small or skewed to provide an accurate DOM figure. Regardless, the combination of a stable median home value and minimal price reductions signals a market where sellers can maintain their prices without significant concessions.
Moving to the rental side, the Federal Market Rent (FMR) for ZIP 08110 in fiscal year 2024 is projected to be $1630. In contrast, the current market rent, as measured by the Zillow Observed Rent Index (ZORI), stands at $2,257. This gap between FMR and ZORI highlights an opportunity for landlords to potentially charge higher rents, aligning closer with the ZORI figure, while still remaining competitive in the local housing market.
For long-term investors considering the area, the setup implies a market where appreciation is likely to be modest. The stability in home values and the small percentage of price reductions suggest that rapid growth is unlikely. Instead, the focus should be on steady cash flows from rentals, leveraging the current market rents that exceed the FMR. This strategy allows investors to benefit from the rental demand without banking on substantial increases in property value over the next 12-24 months.
The combination of these factors—stable home values, limited price reductions, and a favorable rental environment—creates a scenario where investors can expect reliable returns through rental income rather than capital appreciation. This makes Pennsauken a suitable location for those looking to build a consistent investment portfolio focused on generating steady cash flow.
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.