JeffCroweCRE

Housing market/New Jersey/ZIP 08205

ACS 2023 · FY2027 SAFMR

ZIP 08205 Absecon, New Jersey

Atlantic City-Hammonton, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
28,236
Households
11,172
Median HH income
$88,636
Renter share
20.1%
Median gross rent
$1,527
Vacancy
4.2%
Pop. change
+2.2%
2BR SAFMR
$2,120
SAFMR / rent
1.388×
2–49 unit stock
2,280
LIHTC proj / units
2 / 158
HUD assisted MF
3 / 13

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 08205 · NJ — sent to you.

ZIP 08205 · NJ

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 08205 — Absecon, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,527
2BR SAFMR$2,120
90% floor$1,908
110% ceiling$2,332

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 08205

  • 1-unit detached7,66466.0%
  • 1-unit attached1,42112.2%
  • 2–4 units6335.4%
  • 5–49 units1,64714.2%
  • 50+ units1151.0%
  • Mobile1381.2%
TypeUnitsShare
1-unit detached7,66465.7%
1-unit attached1,42112.2%
2 units (duplex)1441.2%
3–4 units4894.2%
5–9 units8937.7%
10–19 units5084.4%
20–49 units2462.1%
50+ units1151.0%
Mobile1381.2%

2–4 unit share 5.4% · 5–49 unit share 14.1% · combined 2–49 19.6%.

Units by bedrooms

Studio
93
1BR
902
2BR
3,846
3BR
4,210
4BR
2,034
5+
575

Rent burden

Rent ≥30% of income51.8%
Rent ≥50% of income28.4%
  • ACS median gross rent $1,527 (all bedrooms, occupied rentals).
  • Median contract rent $1,306.
  • Renters paying ≥30% of income 51.8%; ≥50% 28.4%.
  • FY2027 2BR SAFMR $2,120 (1.388× ACS median gross rent).

Population

28,236 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 2 projects, 158 units.
  • HUD project-based assisted MF: 3 properties, 13 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 61 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 08205 20.1% of occupied households are renters; vacancy is 4.2%; ACS median gross rent is $1,527; population increased +2.2% between the 2018 and 2023 ACS vintages; the housing stock includes 633 units in 2–4-unit structures and 1,647 units in 5–49-unit structures; 2 LIHTC projects totaling 158 units; FY2027 2BR SAFMR is $2,120 versus ACS median gross rent of $1,527. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 08205 is a Census / HUD profile for Atlantic City-Hammonton, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08205 — Absecon, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
08201Atlantic City-Hammonton, NJ HUD Metro FMR Area36.1%$1,818$2,38008203Atlantic City-Hammonton, NJ HUD Metro FMR Area25.2%$1,499$2,02008213Atlantic City-Hammonton, NJ HUD Metro FMR Area——$1,90008217Atlantic City-Hammonton, NJ HUD Metro FMR Area0.0%—$1,92008220Atlantic City-Hammonton, NJ HUD Metro FMR Area——$1,90008221Atlantic City-Hammonton, NJ HUD Metro FMR Area10.0%$2,070$2,83008225Atlantic City-Hammonton, NJ HUD Metro FMR Area12.2%$1,554$2,22008231Atlantic City-Hammonton, NJ HUD Metro FMR Area——$1,90008232Atlantic City-Hammonton, NJ HUD Metro FMR Area50.0%$1,210$1,70008234Atlantic City-Hammonton, NJ HUD Metro FMR Area16.2%$1,466$2,05008240Atlantic City-Hammonton, NJ HUD Metro FMR Area0.0%—$2,16008241Atlantic City-Hammonton, NJ HUD Metro FMR Area5.0%$2,104$2,780

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 08205?

ZIP 08205 (Atlantic City-Hammonton, NJ HUD Metro FMR Area) has 28,236 residents, 11,172 households, a renter share of 20.1%, median household income of $88,636, and ACS 2023 median gross rent of $1,527. Vacancy is 4.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08205?

ACS counts 144 units in 2-unit buildings, 489 in 3–4 unit buildings, 893 in 5–9, 508 in 10–19, and 246 in 20–49. Combined 2–49 unit stock is 2,280 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08205?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,120. See the full schedule and 90–110% payment-standard band on the ZIP 08205 — Absecon, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08205 is Census / HUD research for Atlantic City-Hammonton, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.