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 | $1,040 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,860 | $335,345 | 0.55% | F |
| 4BR | $2,260 | $449,428 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 18435, located in Pike County, PA, serves as a valuable addition to a Section 8 portfolio strategy due to its strong cash flow potential. In fiscal year 2024, the Fair Market Rent (FMR) for ZIP 18435 is set at $1540. Given that the market rent data is currently unavailable, the spread between the FMR and the actual market rent will likely be significant, providing a steady and reliable source of income for landlords.
The median home value in ZIP 18435 is $347,618, indicating that properties in this area are relatively affordable compared to the overall median home value in the region. This makes it an attractive option for investors looking to acquire properties at a reasonable cost while still benefiting from the higher FMR. Furthermore, the median income in the area is $100,162, which suggests that residents have the financial stability to meet their rental obligations.
A cash-flow anchor is crucial in any investment portfolio, especially for those who rely on rental income. ZIP 18435 fits this role perfectly because of the guaranteed minimum rent through the Section 8 program. Additionally, the low percentage of homes sold at a price cut (0.1%) indicates that the local real estate market is stable and not prone to significant fluctuations, which reduces the risk of losing rental income.
While ZIP 18435 offers solid cash flow opportunities, it is less suitable as an appreciation play or a diversifier. The median home value has remained relatively stable, with only minor changes over recent years. Moreover, the low renter share (0.0%) implies that the majority of homes are owner-occupied, making it less of a diversifier for investors focused on rental properties.
In conclusion, ZIP 18435 is best categorized as a cash-flow anchor within a Section 8 portfolio strategy. It provides a dependable source of rental income, backed by the government's FMR, and the stable real estate market ensures minimal risk of property devaluation.
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.