Section 8 Fair Market Rent (FMR) for ZIP 18464 - 2027

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

Investment Score for ZIP 18464

Monthly Rent (2BR)

$1,550

Median Price (2BR)

$249,295

1% Rule

0.62%

Annual Yield

7.46%

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	$1,140
1 Bedroom	$1,290
2 Bedrooms	$1,550
3 Bedrooms	$2,150
4 Bedrooms	$2,590
5 Bedrooms	$3,004
6 Bedrooms	$3,364
7 Bedrooms	$3,633
8 Bedrooms	$3,815

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	$1,550	$249,295	0.62%	D
3BR	$2,150	$364,962	0.59%	F
4BR	$2,590	$486,831	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,927

Median Household Income

$77,277

Housing Units

1,458

Renter Percentage

7.6%

Occupancy Rate

51.5%

Renter Occupied

The ZIP code 18464, located in Tafton, PA, is primarily a homeowner-dominated area with only 7.6% of the population being renters. This makes it less suitable for targeting Section 8 tenants who rely on housing vouchers. The total population is 1,927, and the median household income stands at $77,277, which is relatively high compared to national averages.

The typical market rent in this area is $1,237, which amounts to approximately 16% of the median household income. However, the Fair Market Rent (FMR) set by HUD for the fiscal year 2024 is $1,720, indicating that landlords could potentially receive higher rents if they qualify for Section 8 vouchers.

Rental Demand: With such a low percentage of renters, the demand for rental properties is limited. Landlords should not expect a large pool of Section 8 tenants looking for housing.
Income Comparison: The median income suggests that most residents can afford higher rents, but those relying on vouchers will be looking for properties that align with the $1,720 FMR.

In this ZIP code, landlords should anticipate a mix of tenants, including some who may use Section 8 vouchers, but the majority will likely be individuals or families who pay market rent without assistance. The voucher demand is not deep due to the small number of renters relative to homeowners.

To conclude, while there are opportunities for landlords in ZIP 18464, the focus should be on understanding the balance between market rents and the availability of vouchers. Expecting a significant influx of Section 8 tenants would be unrealistic given the current demographic trends and income levels.

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.