Location: Vineland, NJ | Metro: Vineland, NJ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,010 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $2,920 |
| 5 Bedrooms | $3,387 |
| 6 Bedrooms | $3,793 |
| 7 Bedrooms | $4,096 |
| 8 Bedrooms | $4,301 |
U.S. Census Bureau data (2024)
The ZIP code 08321 stands out in X County with a unique mix of characteristics. With only 133 residents, it has a very low population density, making it an outlier compared to other ZIP codes. Despite the small resident base, 22.1% of these residents rent their homes, indicating a niche rental market. The median income for the area is $105,074, which is notably higher than the national average, suggesting that many residents have above-average financial stability. The median home value of $170,562 reflects a modest property market, especially considering the high median income.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 08321 is set at $1660 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it defines the maximum monthly rental assistance payment for a Section 8 tenant. However, the lack of specific market rent data (N/A) makes it challenging to compare the FMR directly to local market conditions. Despite this, the FMR provides a benchmark for setting rental rates and ensuring compliance with HUD guidelines.
The data signature for ZIP 08321 reads as stable. The relatively high median income suggests that the area attracts financially secure individuals who can afford higher rents or mortgage payments. Additionally, the modest median home value indicates that while housing is not cheap, it is accessible to the majority of residents. For landlords and small-portfolio investors, this stability offers a predictable environment for managing properties and attracting tenants. The combination of a niche rental market and a high median income supports the viability of Section 8 vouchers as a reliable source of income, particularly when the FMR aligns closely with market conditions.
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.