Location: Allentown-Bethlehem-Easton, 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)
24.6% of residents in ZIP code 18244 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 in ZIP 18244 is set at $1260 for the fiscal year 2024, which is notably higher than the average market rent of $1,016 reported by the Census Bureau's American Community Survey. This discrepancy suggests that Section 8 vouchers can provide a financial advantage to landlords, covering rents above the typical market rate. However, the lack of data on median home value (N/A) and days on market (DOM) (N/A-day) implies a less active housing market, possibly due to the rural nature of the region. The median income of $68,750 is also worth noting, as it can influence the ability of potential tenants to contribute to a portion of their rent beyond what the voucher covers. Given the absence of information on the percentage of price-cut share (N/A%), it's difficult to assess the frequency of price reductions in the area, but the higher FMR compared to the market rent points towards a stable rental market supported by Section 8 funding. For landlords and small-portfolio investors, the opportunity to secure a steady stream of rental income through Section 8 participation, especially when the FMR exceeds the average market rent, is compelling. It allows for a reliable tenant base without the risk of vacancy. In conclusion, the data supports a positive outlook for Section 8 participation in ZIP 18244, offering a clear path to financial stability.
Verdict: Accept Section 8 tenants for guaranteed rental income exceeding market rates.
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.