Location: Wayne 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 | $1,040 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $235,483 | 0.57% | F |
| 3BR | $1,860 | $310,953 | 0.6% | F |
| 4BR | $2,260 | $360,809 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 18405, encompassing Beach Lake, PA, presents a dynamic housing market characterized by distinct trends between rental and homeownership sectors. The snapshot of current market conditions reveals that the Fair Market Rent (FMR) for the area stands at $1300 for the fiscal year 2024, while the actual market rent is reported at $937 according to the latest Census American Community Survey (ACS). This discrepancy suggests that there is a gap between perceived fair rents and what the market is currently bearing, indicative of either pricing inefficiencies or potential downward pressure on rents.
The median home value in ZIP 18405 is $301,841. Given the lack of specific data regarding the percentage of homes experiencing price cuts or the days on market (DOM), it's challenging to definitively state whether supply outpaces demand or vice versa. However, the relatively low market rent compared to the FMR hints at a scenario where demand might be slightly lower than supply, as landlords adjust their rents to attract tenants.
A significant insight into the market dynamics comes from the 15.1% renter share. This figure is noteworthy because it indicates a smaller proportion of the population is renting relative to owning. In areas with a high renter share, there tends to be greater long-term housing pressure due to limited homeownership opportunities. Conversely, in ZIP 18405, the lower renter share could imply that homeownership is more prevalent, which might suggest less immediate pressure on rental markets but also indicates a stable housing environment where property values can remain steady.
The interplay between these factors—rental prices, FMR, and median home values—suggests a market in transition. Landlords and small-portfolio investors must monitor these metrics closely to adapt their strategies accordingly. For instance, maintaining competitive rental rates could be crucial to attracting tenants, while understanding the broader context of homeownership rates can inform investment decisions regarding property appreciation and stability.
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.