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 | $1,500 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,340 | $341,070 | 0.69% | D |
U.S. Census Bureau data (2024)
ZIP code 08328 is a residential area with a total population of 1,476, where 24.8% of residents are renters. The median household income in this area is a substantial $101,583, reflecting a relatively affluent community. Median home values stand at $315,104, indicating a stable and valuable housing market.
The Fair Market Rent (FMR) for ZIP 08328 in fiscal year 2024 is set at $1910, which serves as a benchmark for rental prices in federally assisted housing programs such as Section 8. While specific market rent data is currently unavailable, the FMR provides a reliable estimate of the rental price range for the area.
This ZIP code presents a mixed opportunity for real estate investors. For those seeking a hands-off approach with Section 8 vouchers, the area's high median income and stable home values suggest a lower risk of tenant turnover and a higher likelihood of timely rent payments. However, the relatively low percentage of renters might limit the pool of potential voucher holders.
On the other hand, for hands-on value-add buyers looking to improve and manage properties, ZIP 08328 offers a solid foundation. With a median home value above $315,104, there is significant potential for property appreciation. Additionally, the affluent demographic could be attractive for non-voucher investments, as it suggests a willingness to pay higher rents for upgraded amenities and maintenance.
In conclusion, ZIP 08328 is suitable for both hands-off and hands-on real estate investment strategies, depending on the investor's goals and tolerance for risk. The combination of a high median income and stable property values makes it a promising location for those interested in Section 8 investments, while the potential for property enhancement and appreciation caters to value-add investors.
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.