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