Location: Atlantic City-Hammonton, NJ | Metro: Atlantic City-Hammonton, NJ HUD Metro FMR Area
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 | $1,730 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,380 |
| 3 Bedrooms | $3,230 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,380 | $232,469 | 1.02% | B |
| 3BR | $3,230 | $366,330 | 0.88% | C |
| 4BR | $3,570 | $432,422 | 0.83% | C |
| 5BR | $4,141 | $493,058 | 0.84% | C |
U.S. Census Bureau data (2024)
The dynamics of the Absecon, NJ real estate market, encapsulated by ZIP code 08201, reveal a scenario where demand appears to slightly edge out supply. This inference is drawn from the snapshot of key metrics provided, which includes the Fair Market Rent (FMR) at $1990 for fiscal year 2024 and the Zillow Observed Rent Index (ZORI) at $1,867. The relatively low price-cut share of 0.2% suggests that landlords are generally not having to reduce rents to attract tenants, a positive sign indicating strong tenant interest. The median home value of $343,062 places Absecon in an accessible range for many buyers, further supporting the notion of a balanced yet demand-driven market.
Absent a daily days on market (DOM) figure, we can still gauge the health of the market through other indicators. The fact that the FMR exceeds the ZORI implies that there is a slight premium on government-assisted rentals, which could indicate a competitive rental market. Additionally, the 31.8% renter share highlights a significant portion of the population that relies on rental housing, suggesting ongoing long-term housing pressure. This high renter share can be indicative of a workforce that may not have the financial means to purchase homes, thereby creating sustained demand for rental properties.
In summary, the current state of the Absecon real estate market, as captured by these figures, points towards a balance tipped slightly in favor of demand over supply. Landlords and small-portfolio investors should take note of the strong rental market and the significant renter share, which signals a robust environment for those interested in the rental sector. The competition among renters and the need for affordable housing options continue to shape the market's trajectory, making it a place of constant motion driven by both economic and demographic factors.
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.