Location: Pike County, PA | Metro: Monroe County, PA
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 | $1,530 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,870 |
| 4 Bedrooms | $3,460 |
| 5 Bedrooms | $4,014 |
| 6 Bedrooms | $4,496 |
| 7 Bedrooms | $4,856 |
| 8 Bedrooms | $5,099 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,070 | $201,147 | 1.03% | B |
| 3BR | $2,870 | $266,541 | 1.08% | B |
| 4BR | $3,460 | $322,470 | 1.07% | B |
U.S. Census Bureau data (2024)
The analysis of ZIP code 18324, located in Bushkill, PA, within the Pike County, PA metro area, reveals several key insights for landlords and small-portfolio investors.
Firstly, does the rent math work? The Fair Market Rent (FMR) for ZIP 18324 in fiscal year 2024 is set at $1,950. However, the Census ACS indicates a market rent of $1,873. This suggests that while landlords can aim for the higher FMR, they should be prepared to adjust their expectations to align closer with the actual market conditions.
Secondly, is acquisition affordable? The median home value in ZIP 18324 is $262,525, which is relatively low compared to other areas in the region. Additionally, the average Days on Market (DOM) is 74 days, indicating a moderate turnover rate. With only 0.1% of homes experiencing price cuts, it is evident that the housing market in this area is stable, making acquisitions feasible without the risk of significant price reductions.
Lastly, is there tenant demand? The total population of ZIP 18324 is 9,935, with a 9.1% renter share. While the percentage of renters is modest, the absolute number of potential tenants is still substantial, ensuring a steady demand for rental properties.
In conclusion, ZIP 18324 offers a balanced opportunity for landlords and small-portfolio investors. The rent math slightly favors the market over FMR, but the difference is minimal. Acquisition costs are reasonable, supported by a stable housing market with low price-cut rates. Tenant demand is present, though not overwhelming, providing a sustainable environment for investment. Landlords should set realistic rent expectations and be aware of the local market dynamics to maximize returns.
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.