Location: Trenton-Princeton, NJ | Metro: Trenton-Princeton, NJ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,120 |
| 1 Bedroom | $2,370 |
| 2 Bedrooms | $3,000 |
| 3 Bedrooms | $3,640 |
| 4 Bedrooms | $4,100 |
| 5 Bedrooms | $4,756 |
| 6 Bedrooms | $5,327 |
| 7 Bedrooms | $5,753 |
| 8 Bedrooms | $6,041 |
U.S. Census Bureau data (2024)
The ZIP code 08544 stands out due to its unique characteristics. With a total population of 4,392 residents, it is distinctive for being a 100.0% rental community, indicating that all households within this area rent their homes. The lack of data on median income and median home value suggests that this ZIP code might be underrepresented in typical housing market analyses, making it an intriguing subject for further investigation.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 08544 has been set at $2,000 for the fiscal year 2024. This figure represents the maximum amount that landlords can charge tenants who participate in the Section 8 program. Given the absence of market rent data, the FMR serves as a critical benchmark for understanding the rental landscape in this ZIP code. It ensures that rental costs remain within reasonable limits for low-income families, thereby stabilizing the local rental market.
The data signature for ZIP 08544 reads as "stable." Despite the limited availability of detailed economic indicators such as median income and median home values, the fact that it is entirely a rental community with a defined FMR suggests a consistent environment for landlords and tenants alike. The established FMR provides a reliable framework for rental pricing, which can help maintain a steady flow of rental income for property owners while ensuring affordability for renters. This stability is crucial for small-portfolio investors looking to secure predictable returns without the volatility often associated with fluctuating market rents.
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.