Location: Monroe County, PA | Metro: Monroe County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
The ZIP code 18335, located in Pike County, Pennsylvania, stands out due to its unique demographic and economic characteristics. With only 974 residents, it has a very low rental rate of 4.2%, indicating that the majority of the population owns their homes. The median household income is relatively strong at $116,947, which is significantly higher than the national average. However, the median home value is not available, suggesting a lack of comprehensive housing data.
Despite the limited availability of market data, the Fair Market Rent (FMR) for ZIP 18335 has been established at $1760 for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher tenant. Given the absence of local market rent data, the FMR serves as a critical benchmark for landlords and investors considering participation in the Section 8 program.
Investors should note that the voucher economics in ZIP 18335 present an opportunity to secure a steady stream of rental income through the Section 8 program. Landlords who participate can ensure they receive a fixed rent amount that aligns with the government's FMR, providing financial stability. However, the scarcity of rental properties in the area means competition among landlords for tenants using vouchers could be intense.
The data signature for ZIP 18335 reads as stable. The high median income suggests a robust local economy, which is beneficial for landlords. However, the low percentage of renters indicates that the demand for rental units may not be as high as in other areas. For small-portfolio investors, focusing on maintaining quality properties that meet the Housing Quality Standards (HQS) is crucial for attracting Section 8 tenants.
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.