Section 8 Fair Market Rent (FMR) for ZIP 18414 - 2027

Location: Scranton--Wilkes-Barre, PA | Metro: Scranton--Wilkes-Barre, PA MSA

Investment Score for ZIP 18414

N/A

Monthly Rent (2BR)

$1,660

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,350
2 Bedrooms	$1,660
3 Bedrooms	$2,170
4 Bedrooms	$2,390
5 Bedrooms	$2,772
6 Bedrooms	$3,105
7 Bedrooms	$3,353
8 Bedrooms	$3,521

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,170	$325,641	0.67%	D
4BR	$2,390	$432,026	0.55%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,444

Median Household Income

$93,065

Housing Units

2,424

Renter Percentage

12.9%

Occupancy Rate

89.6%

Renter Occupied

281

The ZIP code 18414, located in Pennsylvania, offers a stable market for real estate investments, particularly in rental properties. The area benefits from a mix of suburban and rural characteristics, providing a comfortable living environment that attracts both families and individuals seeking affordable housing options.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 18414 for fiscal year 2024 is set at $1,160.
The average market rent for properties in this ZIP code, according to the Census American Community Survey, stands at $1,254.
The median home value in ZIP 18414 is $290,152, reflecting the overall property values in the region.
Renters make up 12.9% of the population, indicating a smaller but still significant demand for rental units.
The median household income in the area is $93,065, which suggests that residents have the financial capability to meet rental costs.

Analyzing these points, it's clear that ZIP 18414 presents a balanced investment opportunity. With rental prices slightly above the fair market rent, there is room for profit while remaining competitive. The median home value indicates that the area is not overpriced, making it feasible to purchase properties without breaking the bank. However, the relatively low renter share might mean that the market is not as robust as in more densely populated areas. Despite this, the strong median income supports the viability of rental operations. For landlords and small-portfolio investors, focusing on maintaining quality properties that offer good value for money can be a successful strategy in this market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.