Location: Pike County, PA | Metro: Pike 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 | $1,210 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $267,230 | 0.61% | D |
| 3BR | $2,270 | $353,922 | 0.64% | D |
| 4BR | $2,740 | $442,391 | 0.62% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 18337, Milford, PA, reveals a challenging but potentially rewarding investment environment. The HUD Fair Market Rent (FMR) for the area is set at $1640 for the fiscal year 2024. In comparison, the market rent, represented by ZORI (Zillow Observed Rent Index), stands at $2000. This indicates that voucher tenants will generally cashflow at the FMR rate, but only marginally, suggesting that landlords should expect a tight profit margin unless they focus on premium units which can command higher rents.
To further understand the investment potential, we can look at the median home value in the area, which is $348,883. Using this figure, the rent-to-price ratio comes out to approximately 0.57%. This ratio suggests that rental income represents a small percentage of the property's value, indicating that appreciation or stability might be stronger angles for investors rather than relying solely on cash flow.
While the data shows a median Days on Market (DOM) of N/A and a price-cut share of 0.2%, these figures indicate that the local real estate market is relatively stable and does not experience frequent price adjustments. This stability can provide a predictable environment for both purchasing and holding properties, reducing the risk associated with fluctuating market conditions.
The strongest investor angle in ZIP 18337 appears to be stability, given the low rate of price cuts and the consistent demand for rental housing despite the tight margins associated with Section 8 vouchers. This makes it an attractive option for those seeking long-term, steady investments over short-term gains.
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.