Location: Monroe County, PA | Metro: Monroe County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 18349 provides insight into potential investment opportunities for landlords and small-portfolio investors. The Fair Market Rent (FMR) for a 2-bedroom apartment in this area for fiscal year 2024 is set at $1520 per month. To annualize this figure, we multiply by 12, yielding an annual rental income of $18,240.
The median home value for ZIP 18349 is not available, making it challenging to calculate a precise gross yield based on property value. However, assuming a hypothetical median home value for analysis purposes, let's use a placeholder value of $300,000. With this assumption, the implied gross yield would be approximately 6.08% ($18,240 / $300,000).
Given that the market rent is also not available, we cannot provide a direct comparison to the Section 8 rental rates. However, it is important to note that the presence of Section 8 tenants can stabilize cash flow and reduce vacancy rates, which is particularly relevant considering the 40.9% renter density in the area. This high percentage suggests a strong demand for rental properties, which could favorably impact long-term investment performance.
The Days on Market (DOM) figure is not available, but typically, a lower DOM indicates higher demand and faster property turnover, which can be beneficial for landlords looking to minimize vacancy periods. In the absence of specific market rent data, the annualized Section 8 rent of $18,240 serves as a reliable benchmark for evaluating investment opportunities in ZIP 18349.
In conclusion, while the exact gross yield based on market rents remains unknown, the annualized Section 8 rent implies a gross yield of 6.08% when compared to our assumed median home value of $300,000. This scenario offers a stable income stream and should be considered alongside other investment metrics such as property management costs and maintenance expenses. Given the significant renter population, Section 8 properties in ZIP 18349 present a viable option for those seeking consistent returns.
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.