Section 8 Fair Market Rent (FMR) for ZIP 18354 - 2027

Location: Monroe County, PA | Metro: Monroe County, PA

Investment Score for ZIP 18354

N/A
Monthly Rent (2BR)
$1,520
Median Price (2BR)
$N/A
1% Rule
0%
Annual Yield
0%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,240
1 Bedroom$1,250
2 Bedrooms$1,520
3 Bedrooms$2,080
4 Bedrooms$2,540
5 Bedrooms$2,946
6 Bedrooms$3,300
7 Bedrooms$3,564
8 Bedrooms$3,742

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
3BR $2,080 $310,983 0.67% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,243
Median Household Income
$85,588
Housing Units
434
Renter Percentage
6.7%
Occupancy Rate
100.0%
Renter Occupied
29

The economics of Section 8 in ZIP code 18354 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $1390 per month for the fiscal year 2024. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent, based on a voucher program.

To understand what a landlord can expect to receive, it's important to break down the components of the voucher payment. The tenant is responsible for paying 30% of their adjusted income toward rent. For example, if a tenant's monthly income is $1000, they would contribute $300 towards the rent. In addition to the base rent, there are utility allowances which vary but are typically around $300-$400 per month for a two-bedroom unit.

The total payment a landlord receives consists of the tenant's contribution plus the housing authority's subsidy. If the tenant contributes $300 and the utility allowance is $350, the housing authority would cover the remaining balance up to the SAFMR of $1390. In this case, the housing authority would pay $740 ($1390 - $300 - $350).

This means the landlord receives the full SAFMR amount of $1390, with the tenant covering part of the cost and the housing authority making up the difference. However, the local market rent is not available for comparison, so it's unclear whether this SAFMR rate is above or below the average rental rates in ZIP 18354.

In summary, for a two-bedroom apartment in ZIP 18354, the landlord should anticipate receiving $1390 per month from the Section 8 voucher program. This is the total amount including the tenant's contribution and any utility allowances. The reimbursement gap or surplus would depend on the actual market rent for similar units, which is currently unavailable.

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.