Location: Philadelphia-Camden-Wilmington, PA | 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 | $1,540 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,990 | $274,050 | 0.73% | D |
| 3BR | $2,370 | $380,907 | 0.62% | D |
| 4BR | $2,620 | $526,990 | 0.5% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 08322, Franklinville, NJ, within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, reveals a favorable opportunity. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1870, which is notably higher than the Census ACS reported market rent of $1,614. This means that voucher tenants will generally provide positive cash flow when renting units at the HUD FMR rate.
To further analyze the investment potential, consider the median home value in the area, which stands at $373,773. Using this figure, we can calculate the rent-to-price ratio. With an average monthly rent of $1,614, the annual rent would be approximately $19,368, leading to a rent-to-price ratio of about 5.2%. This indicates that rental income represents a significant portion of the property's value, making it attractive for investors looking for steady cash flow.
The local real estate market also shows low volatility, with a median Days on Market (DOM) that is not applicable (N/A) and a minimal 0.2% share of homes needing price cuts. These factors suggest a stable housing market where the risk of prolonged vacancies or significant price adjustments is low. Therefore, the strong cash flow from voucher tenants combined with the stability of the local market makes this area particularly appealing for Section 8 investors seeking both reliable returns and a secure investment environment.
The strongest angle for investors in this market is the cash flow generated from voucher tenants, given the substantial difference between the HUD FMR and the actual market rent.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.