Housing market/New Jersey/ZIP 08243
ZIP 08243 Sea Isle City, Cape May County, New Jersey
Cape May County, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 08243 · NJ — sent to you.
ZIP 08243 · NJ
ACS rent vs 2BR SAFMR
ZIP 08243 — Sea Isle City, 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 08243
- 1-unit detached95414.2%
- 1-unit attached3,92958.5%
- 2–4 units93313.9%
- 5–49 units80812.0%
- 50+ units951.4%
2–4 unit share 13.9% · 5–49 unit share 12.0% · combined 2–49 25.9%.
Units by bedrooms
Rent burden
- Renters paying ≥30% of income 55.7%; ≥50% 14.3%.
Population
2,079 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +6.3%.
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 20 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 08243 6.2% of occupied households are renters; vacancy is 83.3%; population increased +6.3% between the 2018 and 2023 ACS vintages; the housing stock includes 933 units in 2–4-unit structures and 808 units in 5–49-unit structures. 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 08243 is a Census / HUD profile for Cape May County, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 08243 — Sea Isle City, 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 08243?
ZIP 08243 (Cape May County, NJ HUD Metro FMR Area) has 2,079 residents, 1,125 households, a renter share of 6.2%, median household income of $98,860, and ACS 2023 median gross rent of —. Vacancy is 83.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 08243?
ACS counts 800 units in 2-unit buildings, 133 in 3–4 unit buildings, 321 in 5–9, 213 in 10–19, and 274 in 20–49. Combined 2–49 unit stock is 1,741 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 08243?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,300. See the full schedule and 90–110% payment-standard band on the ZIP 08243 — Sea Isle City, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 08243 is Census / HUD research for Cape May County, 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.