Location: Philadelphia-Camden-Wilmington, PA | Metro: Monmouth-Ocean, NJ HUD Metro FMR Area
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 | $1,700 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,100 | $367,458 | 0.57% | F |
| 3BR | $2,690 | $534,432 | 0.5% | F |
| 4BR | $2,980 | $724,352 | 0.41% | F |
U.S. Census Bureau data (2024)
The market in ZIP 08533, New Egypt, NJ, reflects a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) set at $1560 for fiscal year 2024, it indicates that the government recognizes a need to support affordable rental options. However, the actual market rent reported by the Census ACS stands at $1,827, suggesting that there is a slight premium landlords can charge above the FMR. This discrepancy implies that demand is strong enough to support rents higher than the FMR, but not so high as to cause significant upward pressure on prices.
The 0.1% price-cut share reveals that very few landlords are lowering their rents to attract tenants, which is indicative of a stable market. Landlords are generally able to maintain their rental rates without needing to adjust downward, a sign of consistent tenant interest. The median home value of $558,636 places New Egypt within a moderate range for homeownership, balancing affordability with desirability.
A 19.9% renter share points towards a community where nearly one-fifth of residents prefer or require renting over owning. This trend can exert long-term housing pressure, as a substantial number of renters will continue to seek rental properties, influencing the overall demand. In markets with higher renter shares, there tends to be greater stability in rental demand, as renters often represent a diverse mix of individuals including young professionals, students, and families looking for short-term flexibility.
The dynamics in ZIP 08533 suggest a market where demand is steady, supported by a significant renter population, yet supply remains sufficient to keep prices from escalating. The relatively low price-cut share also supports the notion that landlords have confidence in the ability to find tenants willing to pay the current market rate, rather than having to reduce prices to compete. This balance is key for both landlords and small-portfolio investors, ensuring a predictable income stream without the volatility seen in some other markets.
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.