Location: Scranton--Wilkes-Barre, PA | Metro: Scranton--Wilkes-Barre, PA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $132,536 | 0.95% | C |
| 3BR | $1,650 | $162,707 | 1.01% | B |
| 4BR | $1,810 | $192,950 | 0.94% | C |
U.S. Census Bureau data (2024)
To classify ZIP 18651 in Plymouth, Pennsylvania, we must consider both the yield and stability of the rental market. The Fair Market Rent (FMR) for the area is set at $980 for fiscal year 2024, which is higher than the current market rent of $951. This indicates a potential opportunity for landlords to achieve rents slightly above the market average, leading to a modest yield advantage.
The median home value in ZIP 18651 is $150,984, suggesting that properties are relatively affordable. When comparing the FMR to the median home value, it's evident that the rental income can cover a significant portion of the mortgage and maintenance costs, making it a viable investment option.
Regarding stability, the ZIP code has a 43.8% rental rate, indicating a moderate level of demand for rental housing. While the exact number of days on the market (DOM) is not available, the median household income of $41,990 provides insight into the financial health of the residents. This income level is sufficient to support the current market rent of $951, ensuring a reasonable level of stability.
Based on these figures, ZIP 18651 is best classified as a steady-cashflow zone. The slight edge in yield due to the FMR being higher than the market rent is balanced by the moderate rental rate and stable income levels. Landlords can expect consistent returns without the volatility associated with high-yield markets.
For small-portfolio investors, this ZIP code offers a reliable investment opportunity. With the ability to command rents close to the FMR and a resident population that can afford these rates, there is a strong foundation for steady cash flow. However, the lack of extreme rental demand means that rapid property flips or aggressive rent hikes are less likely to succeed.
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.