Location: Vineland, NJ | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
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 | $1,500 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $262,827 | 0.74% | D |
| 3BR | $2,310 | $360,972 | 0.64% | D |
| 4BR | $2,550 | $471,686 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 08318, located in Elmer, NJ, falls within the Vineland, NJ Metropolitan Statistical Area (MSA). Its Fair Market Rent (FMR) for 2024 is set at $1,680, which is higher than the average market rent of $1,349. This indicates that the government's estimate of what constitutes a fair rent is above the actual market rate, suggesting a potential subsidy opportunity for landlords.
The median home value in ZIP 08318 is $344,218, which is on par with typical Vineland, NJ MSA ZIP codes. However, the renter share in 08318 is 15.8%, slightly lower than the average for the metro area. Despite this lower renter share, the FMR being higher than the market rent could still make it an attractive location for landlords participating in the Section 8 program.
To determine if 08318 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we can look at the relationship between the FMR and market rent. With an FMR of $1,680 compared to a market rent of $1,349, landlords who accept Section 8 vouchers can potentially benefit from the subsidy, as they would be receiving a higher rental income than the local market rate suggests.
The combination of a below-average home value and a moderate renter share does not necessarily indicate a Section 8 sweet spot, but the disparity between the FMR and the market rent does suggest that there might be a good opportunity for landlords to receive higher rents through the voucher program. Therefore, while 08318 is not a premium sub-market within the Vineland, NJ MSA, it could be considered a value pocket for those interested in Section 8 housing due to the subsidy potential.
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.