Location: Schuylkill County, PA | Metro: Allentown-Bethlehem-Easton, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,480 | $154,450 | 0.96% | C |
| 3BR | $1,880 | $210,090 | 0.89% | C |
| 4BR | $1,990 | $254,774 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 18240, located in Nesquehoning, Pennsylvania, is a notable area for landlords interested in attracting Section 8 tenants. With a population of 3,913, this community has a significant 32.7% of residents who are renters. This indicates that Nesquehoning is a renter-heavy ZIP, suitable for those looking to cater to a substantial tenant pool.
The median household income in Nesquehoning stands at $63,608, which is a key figure when assessing the financial landscape of the area. The average market rent for the ZIP is $1,117, representing approximately 17.5% of the median household income. This percentage suggests that while rent is a considerable expense, it is still manageable for the majority of households.
To further evaluate the suitability of this ZIP for Section 8 tenants, we can compare the market rent to the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, which is $1,260 for this ZIP. This comparison reveals that the market rent is slightly below the FMR, indicating a potential for deeper voucher utilization among tenants. Landlords in Nesquehoning can expect a high demand for rental properties that accept vouchers, as the income levels and current rents align well with the assistance provided by Section 8.
The typical tenant profile in this ZIP will likely include individuals and families who benefit from the Section 8 program. These tenants will have a portion of their rent subsidized, allowing them to afford housing in an area where the median income is $63,608. Given the high percentage of renters and the alignment of market rents with the FMR, landlords should anticipate a steady flow of Section 8 applicants seeking affordable housing options.
In summary, ZIP 18240 in Nesquehoning, PA, presents a favorable environment for landlords willing to work with Section 8 tenants. The high rate of renters and the reasonable market rents make it a prime location for properties that accept vouchers. Landlords can expect a consistent demand from tenants who rely on rental assistance to secure housing in this community.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.