Location: Monroe County, PA | Metro: Monroe 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 | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $316,044 | 0.6% | D |
U.S. Census Bureau data (2024)
The potential risks for landlords investing in ZIP code 18370 under the Section 8 program are significant. Tenant turnover is a major concern, with market rents at $1,324 being notably lower than the Fair Market Rent (FMR) of $1,490 for fiscal year 2024. This discrepancy suggests that tenants might be more inclined to move when they find higher-paying jobs or other housing opportunities, leading to frequent vacancies.
Vacancy exposure is another issue. The Days on Market (DOM) figure is not available, which means there's uncertainty regarding how quickly properties can be filled. In an environment where rental demand is high, this lack of data can be problematic, especially if it takes longer than expected to find new tenants.
Deferred maintenance is also a risk factor. With a typical home value of $350,042 and a median income of $143,250, homeowners may struggle to keep up with necessary repairs and upgrades. This can lead to higher maintenance costs for landlords and potential issues with property inspections required by the Section 8 program.
However, these risks must be weighed against the high renter share of 33.0%. High renter density typically correlates with a greater demand for rental housing, including those utilizing Section 8 vouchers. This increased demand can stabilize occupancy rates and provide a steady stream of tenants, mitigating some of the risks associated with vacancy and turnover.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 18370 is moderate.
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.