Housing market/New Jersey/ZIP 08048
ZIP 08048 Lumberton, New Jersey
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 08048 · NJ — sent to you.
ZIP 08048 · NJ
ACS rent vs 2BR SAFMR
ZIP 08048 — Lumberton, NJ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 08048
- 1-unit detached2,84356.7%
- 1-unit attached1,10522.1%
- 2–4 units1743.5%
- 5–49 units70014.0%
- 50+ units1893.8%
2–4 unit share 3.5% · 5–49 unit share 13.9% · combined 2–49 17.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,667 (all bedrooms, occupied rentals).
- Median contract rent $1,476.
- Renters paying ≥30% of income 62.1%; ≥50% 25.7%.
- FY2027 2BR SAFMR $2,150 (1.290× ACS median gross rent).
Population
12,806 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +4.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 529 units.
- HUD project-based assisted MF: 1 properties, 86 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 600 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 08048 26.4% of occupied households are renters; vacancy is 4.9%; ACS median gross rent is $1,667; population increased +4.7% between the 2018 and 2023 ACS vintages; the housing stock includes 174 units in 2–4-unit structures and 700 units in 5–49-unit structures; 5 LIHTC projects totaling 529 units; FY2027 2BR SAFMR is $2,150 versus ACS median gross rent of $1,667. 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 08048 is a Census / HUD profile for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 08048 — Lumberton, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory
Nearby ZIPs in this FMR area
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 08048?
ZIP 08048 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) has 12,806 residents, 4,779 households, a renter share of 26.4%, median household income of $111,739, and ACS 2023 median gross rent of $1,667. Vacancy is 4.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 08048?
ACS counts 60 units in 2-unit buildings, 114 in 3–4 unit buildings, 254 in 5–9, 341 in 10–19, and 105 in 20–49. Combined 2–49 unit stock is 874 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 08048?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,150. See the full schedule and 90–110% payment-standard band on the ZIP 08048 — Lumberton, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 08048 is Census / HUD research for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA. 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.