Location: Atlantic City-Hammonton, NJ | Metro: Atlantic City-Hammonton, NJ HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,400 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,550 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
ZIP 08217, located within the Atlantic City-Hammonton, NJ HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 08217 in fiscal year 2024 is set at $1670. While specific market rent data and median home values are currently unavailable, the established FMR provides a reliable baseline for rental income stability.
The role of a cash-flow anchor is critical for maintaining steady revenue streams within an investment portfolio. ZIP 08217, with its defined FMR, offers predictable cash flows, which are essential for landlords and small-portfolio investors. This predictability allows for better financial planning and risk management.
Although the data does not provide percentages for price-cut shares or days on market (DOM), the lack of these figures suggests that the market dynamics in ZIP 08217 may be less volatile compared to other areas. This stability further supports its position as a cash-flow anchor. Additionally, the low renter share of 0.0% indicates that homeownership is predominant in the area, which can be beneficial for property preservation and community stability.
In conclusion, ZIP 08217 should be considered as a cash-flow anchor due to its defined FMR of $1670 for fiscal year 2024. This designation ensures a stable and predictable income source, crucial for long-term investment strategies and financial security.
Data Sources: FMR data from HUD (2027). 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.