Location: Schuylkill County, PA | Metro: Allentown-Bethlehem-Easton, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
The median income in ZIP code 18211 stands at $78,806, which provides a solid foundation for evaluating rental affordability. However, without specific market rate data, it's challenging to definitively assess whether households can afford typical rents. What we do know is that the Fair Market Rent (FMR) for ZIP 18211 in fiscal year 2024 is set at $1260, which serves as a benchmark for Section 8 voucher payments.
This FMR represents the maximum amount that a voucher holder can pay towards rent, based on 40% of their adjusted income. Given the median income, a household could potentially afford higher market rates if they choose to pay out-of-pocket, but the specifics are unclear without market rate data. The limited number of renters—only 7.0% of the 1,207 population—suggests a competitive environment for landlords.
The affordability gap between the median income and the FMR highlights a significant portion of the population that might rely heavily on government assistance to cover housing costs. For landlords, this means that while there are fewer potential tenants overall, a considerable share of those looking for rentals might be seeking properties that accept Section 8 vouchers.
Landlords considering their strategy should weigh the benefits of accepting vouchers against the demands of cash-paying tenants. Vouchers ensure timely and consistent rent payments, though at a fixed rate of $1260. Cash-paying tenants, if available, might offer higher rents but come with the risk of non-payment or financial instability. The decision should align with the landlord's risk tolerance and investment goals.
Takeaway: In ZIP 18211, landlords face a choice between the security of Section 8 voucher payments at $1260 per month or the potential for higher rents from cash-paying tenants. Given the high median income and the relatively low percentage of renters, landlords should prepare for a competitive market and consider both options carefully.
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.