Location: Vineland, NJ | Metro: Vineland, NJ 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 | $1,670 |
| 1 Bedroom | $1,840 |
| 2 Bedrooms | $2,210 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,060 | $223,833 | 1.37% | A |
U.S. Census Bureau data (2024)
The classification of ZIP code 08349 hinges on its financial metrics, particularly focusing on rental yields and market stability.
On the yield axis, the Federal Market Rent (FMR) for ZIP 08349 stands at $1,800 for fiscal year 2024, which is notably higher than the market rent of $1,668. This indicates a potential for above-average rental income compared to typical market conditions. Additionally, the median home value of $191,232 suggests that properties in this area can be acquired at a reasonable cost relative to the rental income they generate. The disparity between FMR and market rent implies a possible opportunity for landlords to increase their rental rates slightly, thereby enhancing their yield.
Moving to the stability axis, the ZIP code shows that 37.8% of residents are renters. This figure is significant but not exceptionally high, suggesting a mixed housing market where homeownership is still prevalent. However, the lack of data on days on market (DOM) makes it challenging to assess the liquidity of the rental market. Lastly, the average household income of $64,861 provides insight into the economic health of the area, indicating that tenants have a moderate capacity to pay rent, contributing to a relatively stable rental environment.
Considering these factors, ZIP 08349 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The primary driver for this classification is the balance between rental income and property values, coupled with the moderate percentage of renters and average household income. Landlords and small-portfolio investors can expect reliable returns without the volatility often associated with areas dominated by short-term flips.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.