Location: Wayne County, PA | Metro: Wayne County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The ZIP code 18463 stands out due to its low number of residents at only 268, which is significantly smaller than most other ZIP codes. This small population size, combined with a rental rate of 12.8%, indicates a niche market that could be advantageous for landlords who specialize in small, close-knit communities. The median income in this area is relatively high at $100,972, suggesting that residents have strong financial stability. However, the absence of data regarding the median home value leaves some uncertainty about the overall housing situation.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 18463 is set at $1,200 for the fiscal year 2026. Despite the lack of specific market rent data, this FMR figure provides a benchmark for rental prices in the area. Landlords should be aware that the voucher system can offer a steady stream of tenants with guaranteed income, but the FMR cap means they must price their rentals competitively within this limit to attract Section 8 tenants. This could present an opportunity to secure long-term tenancy with financially stable individuals, though it requires careful management to ensure profitability.
Given the data available, the ZIP code 18463 appears to be in a transitional phase. The high median income suggests economic stability among residents, yet the limited population and missing market rent data indicate a community that may be evolving or facing unique challenges. Landlords and small-portfolio investors should consider these factors when deciding to enter or expand in this ZIP code, focusing on providing quality rental properties that meet the needs of both voucher holders and those paying market rates. The combination of a niche market and a potentially growing demand for rental properties makes ZIP 18463 a location worth monitoring closely for future developments.
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.