Location: Monroe County, PA | Metro: Monroe County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
U.S. Census Bureau data (2024)
1240 is the Fair Market Rent (FMR) for ZIP code 18323 as of fiscal year 2024, indicating the maximum amount a Section 8 tenant can be expected to pay for housing in this area. 434,094 represents the median home value, which is significantly lower than the typical range for many American neighborhoods, suggesting affordability for both buyers and renters. 6.8% is the share of renters in this ZIP code, showing a modest rental market compared to areas with higher concentrations of renters. Despite the lack of specific data on market rent, median income, days on market (DOM), and the percentage of homes that have had their prices cut, the FMR and median home value provide key insights into the rental landscape. The relatively low FMR compared to the median home value implies that landlords can potentially receive a subsidy that covers a significant portion of their property's value through Section 8. However, the limited rental market size indicated by the renter share might suggest competition among landlords for tenants. Given the incomplete dataset, particularly around income levels and DOM, caution is advised when estimating demand and vacancy rates. 1240 FMR and 434,094 median home value indicate a viable but potentially competitive Section 8 market in ZIP 18323.
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.