Location: Monroe County, PA | Metro: Allentown-Bethlehem-Easton, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
U.S. Census Bureau data (2024)
ZIP code 18058, located in Kunkletown, PA, stands out in Monroe County with a population of 9,674 residents. Only 12.4% of these residents are renters, indicating a predominantly owner-occupied area. The median household income here is $73,041, reflecting a middle-class community. Median home values are notably high at $299,536, suggesting that homeownership is a significant factor in the local economy.
The voucher economics in Kunkletown present an interesting opportunity. The Fair Market Rent (FMR) for ZIP 18058 is set at $1,600 for fiscal year 2024, while the Census ACS data indicates a market rent of $1,317. This gap means that landlords who accept Section 8 vouchers can expect higher rents compared to the current market rates. The difference of $283 per month could be a substantial incentive for property owners to participate in the program.
Given the data signature of ZIP 18058, it reads as stable rather than transitional. A low rental rate of 12.4% suggests a mature community where long-term homeownership is prevalent. Additionally, the relatively high median home value and median income point towards a steady economic environment. While the voucher economics offer a potential upside for landlords, the overall profile of Kunkletown points to a stable housing market.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.