Section 8 Fair Market Rent (FMR) for ZIP 18225 - 2027

Location: Scranton--Wilkes-Barre, PA | Metro: Scranton--Wilkes-Barre, PA MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,020
1 Bedroom$1,180
2 Bedrooms$1,460
3 Bedrooms$1,920
4 Bedrooms$2,100
5 Bedrooms$2,436
6 Bedrooms$2,728
7 Bedrooms$2,946
8 Bedrooms$3,093

The ZIP code 18225 is situated in Harleigh, Pennsylvania. The neighborhood is characterized by a small population of 114 residents, which makes it a quiet and potentially close-knit community. Specific data on the percentage of renters and median income is currently unavailable, leading to a limited understanding of the demographic makeup. However, the median home value is also noted as not available, indicating a lack of comprehensive real estate data.

Moving into the realm of rental economics, the Fair Market Rent (FMR) for a one-bedroom unit in ZIP 18225 is set at $1040 for fiscal year 2024. For comparison, the typical one-bedroom rent in 18225 is $1091 as of 2026, according to recent data sources. This suggests that the FMR closely aligns with the actual market rent, providing a stable environment for landlords participating in the Section 8 program.

Given the limited population and the alignment between FMR and market rent, ZIP 18225 is well-suited for a hands-off voucher operator. Landlords can expect steady and predictable returns without the need for extensive property management activities. The lack of significant fluctuations in rent prices indicates a stable market, which favors a passive investment strategy. However, for those interested in a more active role, such as a value-add buyer, the opportunities may be limited due to the small size of the neighborhood and the absence of detailed economic data.

Data Sources: FMR data from HUD (2027).

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.