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 | $1,470 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,020 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,670 | $291,965 | 0.57% | F |
| 2BR | $2,020 | $532,787 | 0.38% | F |
| 3BR | $2,740 | $744,599 | 0.37% | F |
| 4BR | $3,030 | $1,062,520 | 0.29% | F |
| 5BR | $3,515 | $1,593,338 | 0.22% | F |
U.S. Census Bureau data (2024)
The market in ZIP 08203, Brigantine, NJ, reflects a dynamic equilibrium where the balance between supply and demand is currently tipping towards a slight oversupply. This inference is drawn from the snapshot of key indicators: the Fair Market Rent (FMR) set at $1820 for fiscal year 2024, while the actual market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at a lower $805. The disparity suggests that landlords might be adjusting their rental prices to remain competitive, indicating a softening market.
A further indication of this trend is the 0.1% price-cut share, which means a negligible portion of listings are being reduced in price. However, the 75-day Days on Market (DOM) implies that properties are taking a moderate amount of time to sell, suggesting that buyers are cautious and perhaps waiting for better deals. The median home value of $697,648 provides context to the overall property values in the area but does not directly indicate market pressure.
The 23.2% renter share is a critical figure for understanding the long-term housing dynamics. It indicates that nearly one-quarter of the households in Brigantine prefer renting over owning. This preference could signal ongoing housing pressures, particularly if the rental population includes individuals and families who are unable to purchase homes due to financial constraints or other reasons. As a result, landlords and small-portfolio investors should consider the stability and potential growth of the rental market, as it represents a significant portion of the local housing demand.
In summary, the current snapshot of ZIP 08203 points to a market where supply slightly exceeds demand, with a notable rental presence that underscores the importance of the rental sector to the overall housing landscape. Investors should monitor these trends closely to make informed decisions about their investments in this area.
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.