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 | $1,220 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,330 | $358,625 | 0.65% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 08310 presents a unique opportunity for both landlords and small-portfolio investors. With a median home value of $318,388, the area is positioned at a moderate price point that balances affordability with quality living conditions. Despite the current data indicating an unspecified percentage of listings have been reduced and an undefined median days on market (DOM), these figures suggest a market that is currently experiencing some volatility but still holds potential for steady growth.
The setup for pricing power over the next 12-24 months is influenced by the interplay between home values and rental dynamics. The Fair Market Rent (FMR) for ZIP 08310 in fiscal year 2024 is set at $1,430, which contrasts with the current market average of $1,127. This gap signals a potential upward pressure on rents, as the government's benchmark suggests higher affordability thresholds. Landlords can leverage this trend to increase rental yields, ensuring a better return on investment without significantly deterring tenants.
For long-term investors, the realistic appreciation thesis revolves around the fundamental economic drivers of the region. Assuming stable local employment and population growth, the median home value could see gradual increases, aligning closer with the FMR over time. However, the lack of specific appreciation rates in the data provided means that while there is potential for growth, it is contingent upon broader economic conditions and the performance of similar markets in the vicinity.
In summary, the current median home value and the disparity between FMR and market rents indicate a balanced market with room for cautious optimism. Investors should consider the potential for rental income growth and the likelihood of modest home value appreciation, making ZIP 08310 a viable option for those looking to build a stable, long-term real estate portfolio.
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.