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 | $1,430 |
| 1 Bedroom | $1,610 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,690 | $306,891 | 0.88% | C |
U.S. Census Bureau data (2024)
ZIP code 18371, located within the Pike County, PA metro area, presents a unique set of characteristics that differentiate it from other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 18371 is set at $1950 for fiscal year 2024, which is a critical figure for landlords and investors considering participation in the Section 8 program.
While the market rent data is currently unavailable for ZIP 18371, its median home value stands at $305,148. This figure can be compared to the broader Pike County, PA metro area, where home values typically range lower, indicating that ZIP 18371 might lean towards a premium sub-market. However, the FMR of $1950 suggests that rental rates are relatively affordable, which could make it an attractive location for tenants seeking housing assistance through Section 8.
The renter share in ZIP 18371 is 5.3%, which is notably lower than the average renter share found in many urban areas but comparable to suburban and rural regions. This percentage indicates that a smaller proportion of residents in this ZIP code are renters, potentially due to the higher median home value.
To determine if ZIP 18371 is a value pocket, mid-tier neighborhood, or a premium sub-market within its metro, consider the following:
The combination of a moderate FMR ($1950) and a higher median home value ($305,148) suggests that while rental costs are reasonable, owning property in this ZIP code comes at a premium. This dynamic could indicate a mix of middle-income homeowners and a niche market for affordable rentals, making it a mid-tier neighborhood overall.
The lack of market rent data complicates a direct comparison with other ZIP codes, but the presence of an FMR implies that there is some demand for subsidized housing units. This, combined with the lower renter share, suggests that while it's not a value pocket, it has elements that could appeal to Section 8 participants.
The absence of higher renter share percentages in ZIP 18371, despite its higher home values, does not suggest a typical Section 8 sweet spot. However, landlords and investors should still pay attention to the potential for attracting tenants who benefit from the Section 8 program, given the affordable FMR.
In conclusion, ZIP 18371 appears to be a mid-tier neighborhood within the Pike County, PA metro, offering a balance between ownership costs and rental affordability. Its specific figures make it a valuable consideration for those interested in real estate opportunities that align with both market realities and Section 8 program parameters.
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.