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 | $1,030 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,940 | $287,006 | 0.68% | D |
| 4BR | $2,130 | $417,683 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 18708 presents an interesting balance between yield and stability for real estate investors, particularly those involved in Section 8 housing. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,080, slightly above the market rent of $1,072. This indicates a modest potential for higher rental yields when compared to non-subsidized properties in the same area.
However, the stability of this market is somewhat compromised. The median household income is reported at $98,545, which is relatively low, suggesting that there may be a higher demand for affordable housing options such as Section 8. Additionally, only 13.8% of the population are renters, indicating a smaller pool of potential tenants who might rely on rental subsidies. The lack of data on days on market (DOM) further complicates the assessment of stability, as it is a key indicator of how quickly properties can be leased or sold.
The home value in ZIP 18708 stands at $287,011, which is a significant figure for property investment. However, given the low percentage of renters and the modest difference between FMR and market rent, the potential for flipping properties or achieving high short-term gains is limited. Instead, the market leans more towards providing steady cash flow rather than high-yield returns.
To conclude, ZIP 18708 is best classified as a steady-cashflow zone. While the yield is positive, the stability factors suggest that the primary benefit will come from consistent rental income rather than rapid appreciation or turnover. Landlords and small-portfolio investors should consider these figures carefully to make informed decisions about their investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.