Location: Pike County, PA | Metro: Pike County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 18457 in Pike County, PA, for FY 2024 is set at $1,550 for a standard unit. However, the lack of specific market rent data for ZIP 18457 makes direct comparison challenging. Based on the available data, voucher tenants will likely cashflow at the FMR rate but only marginally due to the relatively high FMR compared to typical market conditions.
The median home value in the area is currently not available, which means deriving a precise rent-to-price ratio is not possible. However, given the context of the HUD FMR, we can infer that the rent-to-price ratio might be favorable for investors, especially those looking to capitalize on the Housing Choice Voucher program.
With no specific data on days on market (DOM) or price-cut shares, it's difficult to assess the exact rent-versus-buy dynamics. Nonetheless, the consistency of the Housing Choice Voucher program provides a stable income stream, reducing the risk associated with finding new tenants.
The strongest angle for investors in ZIP 18457 is stability. The Housing Choice Voucher program ensures a steady stream of rental income, making this location attractive for those seeking reliable returns without the volatility often seen in other investment markets.
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.