Section 8 Fair Market Rent (FMR) for ZIP 08270 - 2027
Location: Vineland, NJ | Metro: Atlantic City-Hammonton, NJ HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,270 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$99,592
Housing Authorities Serving ZIP 08270
- Housing Authority and Urban Redevelopment Age (Atlantic City, NJ) - 1,293 Section 8 vouchers
- Vineland Housing Authority (Vineland, NJ) - 1,138 Section 8 vouchers
- Pleasantville Housing Authority (Pleasantville, NJ) - 525 Section 8 vouchers
- Millville Housing Authority (Millville, NJ) - 216 Section 8 vouchers
- Bridgeton Housing Authority (Bridgeton, NJ) - 207 Section 8 vouchers
- Wildwood Housing Authority (Wildwood, NJ)
- Cape May Housing Authority (Cape May, NJ)
- Buena Housing Authority (Minotola, NJ)
- Ocean City Housing Authority (Ocean City, NJ)
Woodbine, NJ, located in ZIP code 08270, is a suburban community situated along the coastal region of New Jersey. The area offers a blend of residential tranquility and proximity to urban amenities, making it attractive to both families and young professionals. This analysis delves into the key metrics that define the rental market in Woodbine, providing insights for landlords and small-portfolio investors.
- The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 08270 for fiscal year 2024 is set at $1470. This figure represents the maximum amount a landlord can charge under the Section 8 program, ensuring affordability for low-income households while maintaining a competitive rental rate.
- According to Census ACS data, the average market rent for all types of units in Woodbine is $1,116. This indicates that the actual rental rates in the area are below the FMR, suggesting potential for modest increases without alienating tenants.
- The median home value in Woodbine is $323,619, reflecting a stable housing market where property values have remained consistent over recent years.
- Renters make up 16.8% of the population in Woodbine, indicating a significant portion of residents who prefer or require renting rather than owning their homes. This percentage supports the viability of rental properties in the area.
- The median income for Woodbine residents is $99,592, which suggests that the local economy is robust enough to support a range of rental prices, including those near the FMR.
In summary, Woodbine presents a balanced opportunity for real estate investment, particularly in rental properties. The disparity between the FMR and the average market rent provides a margin for growth, while the median income level ensures that tenants can afford higher rents. With a steady 16.8% renter share, the demand for rental units remains consistent, offering stability for landlords and small-portfolio investors. The median home value also signals a reliable asset base, making Woodbine a prudent choice for those looking to enter or expand their presence in the rental market.
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.