Location: Vineland, NJ | Metro: Vineland, NJ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The ZIP code 08327, located within the Vineland, NJ MSA, presents a unique profile when compared to other typical ZIP codes within its metropolitan area. With a Fair Market Rent (FMR) of $1550 for fiscal year 2024, 08327 stands out as it likely represents a value pocket within the Vineland, NJ MSA. This is especially true given that the market rent data is currently unavailable, suggesting that the rental prices might be lower than what would typically be expected in a fully developed urban setting.
The median home value in ZIP 08327 is $232,709. While this figure alone doesn't indicate whether the ZIP is above or below average within the Vineland, NJ MSA, it can be inferred that properties here are generally more affordable compared to some other parts of the metro, potentially making it attractive for first-time homebuyers or investors looking for entry-level opportunities.
The 10.9% renter share indicates that a significant portion of residents are renters, which is a key factor for landlords and small-portfolio investors. Although this percentage is not exceptionally high, it does suggest a steady demand for rental housing. The combination of a relatively low FMR and a moderate renter share could signal that 08327 is an area where Section 8 vouchers are more commonly utilized, thus offering a reliable tenant base for those willing to participate in the program.
In summary, ZIP 08327 appears to be a value pocket within the Vineland, NJ MSA. Its lower FMR and median home value suggest affordability, while the moderate renter share points towards a stable rental market. For investors focused on Section 8, this ZIP could present a strategic opportunity due to the likelihood of higher voucher utilization rates, ensuring a consistent stream of tenants.
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.