Location: Atlantic City-Hammonton, NJ | Metro: Atlantic City-Hammonton, NJ HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,050 |
| 1 Bedroom | $2,340 |
| 2 Bedrooms | $2,830 |
| 3 Bedrooms | $3,840 |
| 4 Bedrooms | $4,250 |
| 5 Bedrooms | $4,930 |
| 6 Bedrooms | $5,522 |
| 7 Bedrooms | $5,964 |
| 8 Bedrooms | $6,262 |
U.S. Census Bureau data (2024)
2500 The Fair Market Rent (FMR) for ZIP code 08221, Linwood, NJ, for fiscal year 2024 is set at $2500. 2188 This compares to the actual market rent reported by the Census Bureau's American Community Survey, which stands at $2,188. 481281 The median home value in this area is $481,281, indicating a moderate housing market. 61 In Linwood, only 6.1% of the population are renters, suggesting a primarily owner-occupied community. 156354 However, the median income of $156,354 provides a strong financial base for potential rental income. N/A The days on market (DOM) figure is not available, which could imply either a steady demand or a lack of recent data on property turnover. 1 The price-cut share is an impressively low 0.1%, reflecting the stability of the local real estate market. 2500 Given the FMR of $2500, landlords and small-portfolio investors can expect a reasonable return on investment, especially when considering the high median income. 2188 Market rents at $2,188 suggest that properties priced at or near the FMR will be competitive and likely to attract tenants. 481281 With a median home value of $481,281, the overall real estate market in Linwood is robust, supporting higher rental values. 61 Although only 6.1% of residents are renters, the quality of the local economy ensures that those who do rent are likely to be financially stable. 156354 The median income of $156,354 further supports this, making it a good bet for rental investments. 1 The low price-cut share of 0.1% underscores the strength of the market, where landlords have less need to reduce their asking prices to secure tenants. 2500 For those interested in Section 8 housing in Linwood, the FMR of $2500 provides a clear benchmark for rental rates.
Verdict: Linwood, NJ, offers a stable real estate market with strong economic fundamentals, making it a favorable location for Section 8 rentals at the FMR of $2500.
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.