Location: Monroe County, PA | Metro: Monroe County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
1490 is the Fair Market Rent (FMR) for ZIP 18356, as of the fiscal year 2024. The data provided does not specify the exact market rent or median home value for this area, indicating a lack of recent comprehensive statistics. However, the absence of specific figures for market rent and median home value suggests a niche market, possibly due to the area's unique characteristics or limited supply.
The percentage of renters in ZIP 18356 is not available, which means there is insufficient data to determine the proportion of residents who are renters versus homeowners. Similarly, the median income figure is missing, making it difficult to assess the economic profile of the typical household in this region.
The days on market (DOM) and the percentage of price-cut shares are also not provided, which could imply that the real estate transactions in this area are relatively stable and do not experience frequent price adjustments. Given the limited data, it is challenging to provide a detailed analysis of the rental market dynamics and the financial performance of properties in ZIP 18356.
1490 FMR aligns closely with the needs of low-income families seeking affordable housing options. Landlords and small-portfolio investors should consider the potential demand for subsidized housing units, given the availability of the Section 8 program in the area.
Section 8 Verdict: ZIP 18356 presents a viable opportunity for landlords and small-portfolio investors interested in participating in the Section 8 program, with the FMR providing a clear benchmark for rental pricing.
Data Sources: FMR data from HUD (2027).
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.