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Housing market/New Jersey/ZIP 08401

ACS 2023 · FY2027 SAFMR

ZIP 08401 Atlantic City, 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
38,744
Households
16,568
Median HH income
$36,375
Renter share
70.0%
Median gross rent
$1,086
Vacancy
17.6%
Pop. change
+1.0%
2BR SAFMR
$1,690
SAFMR / rent
1.556×
2–49 unit stock
7,717
LIHTC proj / units
40 / 3,709
HUD assisted MF
17 / 1,988

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08401 · NJ — sent to you.

ZIP 08401 · NJ

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ACS rent vs 2BR SAFMR

ZIP 08401 — Atlantic City, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,086
2BR SAFMR$1,690
90% floor$1,521
110% ceiling$1,859

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

Housing stock

ACS 2023 units-in-structure · ZCTA 08401

  • 1-unit detached3,33916.6%
  • 1-unit attached3,46517.2%
  • 2–4 units3,08015.3%
  • 5–49 units4,63723.1%
  • 50+ units5,51027.4%
  • Mobile790.4%
TypeUnitsShare
1-unit detached3,33916.6%
1-unit attached3,46517.2%
2 units (duplex)1,6498.2%
3–4 units1,4317.1%
5–9 units2,09910.4%
10–19 units1,4867.4%
20–49 units1,0525.2%
50+ units5,51027.4%
Mobile790.4%

2–4 unit share 15.3% · 5–49 unit share 23.1% · combined 2–49 38.4%.

Units by bedrooms

Studio
1,509
1BR
5,762
2BR
6,115
3BR
4,801
4BR
1,439
5+
490

Rent burden

Rent ≥30% of income54.4%
Rent ≥50% of income30.2%
  • ACS median gross rent $1,086 (all bedrooms, occupied rentals).
  • Median contract rent $966.
  • Renters paying ≥30% of income 54.4%; ≥50% 30.2%.
  • FY2027 2BR SAFMR $1,690 (1.556× ACS median gross rent).

Population

38,744 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.0%.

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

Assisted inventory

  • LIHTC: 40 projects, 3,709 units.
  • HUD project-based assisted MF: 17 properties, 1,988 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 08401 70.0% of occupied households are renters; vacancy is 17.6%; ACS median gross rent is $1,086; population increased +1.0% between the 2018 and 2023 ACS vintages; the housing stock includes 3,080 units in 2–4-unit structures and 4,637 units in 5–49-unit structures; 40 LIHTC projects totaling 3,709 units; FY2027 2BR SAFMR is $1,690 versus ACS median gross rent of $1,086. 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 08401 is a Census / HUD profile for Atlantic City-Hammonton, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08401 — Atlantic City, 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$2,02008205Atlantic City-Hammonton, NJ HUD Metro FMR Area20.1%$1,527$2,12008213Atlantic 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%—$2,160

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 08401?

ZIP 08401 (Atlantic City-Hammonton, NJ HUD Metro FMR Area) has 38,744 residents, 16,568 households, a renter share of 70.0%, median household income of $36,375, and ACS 2023 median gross rent of $1,086. Vacancy is 17.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08401?

ACS counts 1,649 units in 2-unit buildings, 1,431 in 3–4 unit buildings, 2,099 in 5–9, 1,486 in 10–19, and 1,052 in 20–49. Combined 2–49 unit stock is 7,717 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08401?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,690. See the full schedule and 90–110% payment-standard band on the ZIP 08401 — Atlantic City, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08401 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.