Location: Vineland, NJ | Metro: Vineland, NJ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,320 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $2,530 |
| 5 Bedrooms | $2,935 |
| 6 Bedrooms | $3,287 |
| 7 Bedrooms | $3,550 |
| 8 Bedrooms | $3,728 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 08320 (Fairton, NJ) reveals some key figures that help classify the market on the axes of yield and stability. The Family Monthly Rent (FMR) for FY 2024 is set at $1520, which serves as a benchmark for rental prices in the area.
Regarding stability, the median household income for ZIP 08320 is notably lower at $-1 compared to nearby areas such as Fairfield township ($60,929) and Cumberland County ($67,436). Similarly, the average household income is also lower at $-1 compared to Fairfield township ($84,655) and Cumberland County ($92,848).
The per-capita income for ZIP 08320 stands at $8,406, which is significantly below both Fairfield township ($27,859) and Cumberland County ($32,721). Furthermore, the percentage of high-income households (making over $200,000 annually) is listed as -1%, which is considerably lower than Fairfield township (5.1%) and Cumberland County (7.5%).
Given the lower income levels and the absence of specific market rent and home value data, ZIP 08320 appears to lean towards a low-stability market. However, the FMR of $1520 suggests a moderate yield potential, assuming that rental prices can be set close to this figure.
To conclude, ZIP 08320 seems to be a moderate-yield/low-stability market. Landlords and small-portfolio investors should consider the lower income levels when setting rental prices and evaluating the risk of tenant turnover and vacancy rates. Further investigation into market rents and home values would provide a more complete picture for investment decisions.
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.