Housing market/New Jersey/ZIP 08071

ACS 2023 · FY2027 SAFMR

ZIP 08071 Pitman, 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.

Population
9,407
Households
3,756
Median HH income
$97,222
Renter share
26.0%
Median gross rent
$1,488
Vacancy
5.7%
Pop. change
-0.3%
2BR SAFMR
$1,870
SAFMR / rent
1.257×
2–49 unit stock
791
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08071 · NJ — sent to you.

ZIP 08071 · NJ

ACS median rent$1,488
2BR SAFMR$1,870
90% floor$1,683
110% ceiling$2,057

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

Housing stock

ACS 2023 units-in-structure · ZCTA 08071

  • 1-unit detached2,94774.0%
  • 1-unit attached1183.0%
  • 2–4 units42010.5%
  • 5–49 units3719.3%
  • 50+ units892.2%
  • Mobile391.0%
TypeUnitsShare
1-unit detached2,94774.0%
1-unit attached1183.0%
2 units (duplex)2436.1%
3–4 units1774.4%
5–9 units1594.0%
10–19 units1594.0%
20–49 units531.3%
50+ units892.2%
Mobile391.0%

2–4 unit share 10.5% · 5–49 unit share 9.3% · combined 2–49 19.9%.

Units by bedrooms

Studio
89
1BR
471
2BR
1,017
3BR
1,418
4BR
858
5+
131

Rent burden

Rent ≥30% of income60.0%
Rent ≥50% of income15.1%
  • ACS median gross rent $1,488 (all bedrooms, occupied rentals).
  • Median contract rent $1,322.
  • Renters paying ≥30% of income 60.0%; ≥50% 15.1%.
  • FY2027 2BR SAFMR $1,870 (1.257× ACS median gross rent).

Population

9,407 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.3%.

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

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 205 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 08071 26.0% of occupied households are renters; vacancy is 5.7%; ACS median gross rent is $1,488; population changed -0.3% between the 2018 and 2023 ACS vintages; the housing stock includes 420 units in 2–4-unit structures and 371 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,870 versus ACS median gross rent of $1,488. 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 08071 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.

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 08071?

ZIP 08071 (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA) has 9,407 residents, 3,756 households, a renter share of 26.0%, median household income of $97,222, and ACS 2023 median gross rent of $1,488. Vacancy is 5.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08071?

ACS counts 243 units in 2-unit buildings, 177 in 3–4 unit buildings, 159 in 5–9, 159 in 10–19, and 53 in 20–49. Combined 2–49 unit stock is 791 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08071?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,870. See the full schedule and 90–110% payment-standard band on the ZIP 08071 — Pitman, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08071 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.