Section 8 Fair Market Rent (FMR) for ZIP 18445 - 2027

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

Investment Score for ZIP 18445

Monthly Rent (2BR)

$1,350

Median Price (2BR)

$222,049

1% Rule

0.61%

Annual Yield

7.3%

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	$1,040
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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,350	$222,049	0.61%	D
3BR	$1,860	$296,996	0.63%	D
4BR	$2,260	$345,542	0.65%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,342

Median Household Income

$53,429

Housing Units

1,366

Renter Percentage

20.7%

Occupancy Rate

72.4%

Renter Occupied

205

Newfoundland, Pennsylvania, located in ZIP code 18445, is a small community with modest economic indicators but offers a stable rental market that can be attractive to real estate investors looking for low-risk opportunities.

The Fair Market Rent (FMR) for ZIP 18445 in fiscal year 2024 is set at $1300, providing a benchmark for rental pricing in the area.
According to Census ACS data, the actual market rent in Newfoundland is currently $875, indicating that properties here are priced below the government's fair market assessment, which could present opportunities for price adjustments.
The median home value in the area stands at $284,788, offering a relatively affordable entry point for investment compared to larger metropolitan areas.
Renters make up 20.7% of the local housing market, suggesting there is a sizeable portion of the population interested in leasing rather than owning homes.
The median household income in Newfoundland is $53,429, which while not high, supports a steady demand for rental units within the budget range.

The combination of modest property values and a rental market that operates below the FMR suggests that there is potential for increasing rents without alienating the tenant base. However, the relatively low median income indicates that rental increases should be moderate and considerate of the local economy. For landlords and small-portfolio investors, Newfoundland presents a stable yet somewhat limited growth opportunity in a niche market where affordability is key.

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.