Section 8 Fair Market Rent (FMR) for ZIP 18443 - 2027

Location: Wayne County, PA | Metro: Wayne County, PA

Investment Score for ZIP 18443

N/A

Monthly Rent (2BR)

$1,050

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	$780
1 Bedroom	$890
2 Bedrooms	$1,050
3 Bedrooms	$1,350
4 Bedrooms	$1,760
5 Bedrooms	$2,042
6 Bedrooms	$2,287
7 Bedrooms	$2,470
8 Bedrooms	$2,594

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	$1,350	$355,864	0.38%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

327

Median Household Income

$98,490

Housing Units

205

Renter Percentage

N/A

Occupancy Rate

77.6%

Renter Occupied

ZIP code 18443 in Wayne County, PA, presents a unique profile within its metro area. The Fair Market Rent (FMR) for the region is set at $1,010 for fiscal year 2026, which is a key figure for landlords and investors interested in properties eligible under the Section 8 program. However, the absence of specific market rent data for ZIP 18443 makes it challenging to directly compare its rental rates against other areas within Wayne County.

The median home value in ZIP 18443 stands at $347,917. This figure is crucial when assessing the overall cost of living and property investment potential. Wayne County typically has varying home values across different ZIP codes, but the specific value of 18443 suggests it falls into a mid-tier category, neither being the most expensive nor the least costly within the county.

A significant point of interest is the 0.0% renter share in ZIP 18443. This indicates that there are no reported renters in the area, which contrasts sharply with the typical scenario in most urban and suburban areas where a portion of residents are renters. This low renter share implies that the ZIP code may not be a prime target for Section 8 housing, as the program primarily supports renters. In a broader context, this could suggest that the area is predominantly owner-occupied, reducing the immediate relevance for landlords and investors focused on the Section 8 market.

To determine if ZIP 18443 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, consider the following:

Value Pocket: ZIP 18443 does not fit the typical criteria of a value pocket, as it lacks a substantial renter population and has a median home value that is not notably lower than the average for Wayne County.
Premium Sub-Market: It also doesn't align with characteristics of a premium sub-market due to the absence of high market rents and a lack of data suggesting it's a sought-after location for renters.
Mid-Tier Neighborhood: Based on the available data, ZIP 18443 appears to be a mid-tier neighborhood. The median home value places it in a moderate range, while the FMR provides insight into what would be considered fair rent for the area, should there be a rental market presence.

The divergence here is the extremely low renter share, which does not signal a Section 8 sweet spot. Instead, it suggests that landlords and investors looking to capitalize on the Section 8 program might find better opportunities in ZIP codes with higher renter shares and clearer market rent data.

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.