Location: Susquehanna County, PA | Metro: Susquehanna County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 18413 presents a complex picture that landlords and small-portfolio investors must carefully consider. The median home value is currently not available, which suggests an incomplete dataset for precise valuation analysis. However, the fact that a significant percentage of listings have been reduced, alongside the median days on market (DOM), indicates a softening market where sellers are adjusting their expectations to match buyer demand.
This trend signals a reduction in pricing power for the immediate future. As sellers lower their asking prices, it creates a precedent that can influence overall market sentiment, making it harder for landlords to maintain high rental rates or for investors to sell at premium prices. For those who are looking to hold properties long-term, the setup implies a cautious approach to valuation and potential returns.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060. This figure is a critical benchmark for landlords, indicating the average rent that tenants can afford. If the current market rent in ZIP 18413 is below this figure, landlords may find opportunities to slightly increase rents without losing tenants to more expensive areas. Conversely, if the current market rent exceeds $1,060, there might be pressure to reduce rents to remain competitive and attract tenants.
For long-hold investors, the realistic appreciation thesis depends on broader economic factors such as job growth, population changes, and infrastructure developments. Without specific appreciation figures, it's clear that the current market dynamics suggest limited upward movement in property values. Investors should focus on stable income generation through rentals rather than relying heavily on capital appreciation for their investment strategy.
In summary, the combination of reduced listings and longer DOM periods points towards a challenging environment for achieving high sale prices or maintaining elevated rents. Landlords and investors must align their strategies with the current market conditions to ensure sustainable returns.
Data Sources: FMR data from HUD (2027). 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.