Location: Scranton--Wilkes-Barre, PA | Metro: Scranton--Wilkes-Barre, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
The analysis of ZIP 18710 in Wilkes Barre, PA, reveals it as a specialized postal zone focused on PO Box delivery, which limits its utility for evaluating real estate investment metrics such as yield and stability. However, based on the available Fair Market Rent (FMR) figure for FY 2024 of $1040, we can infer some characteristics.
Yield: With an FMR of $1040, the potential rental income is relatively modest. This suggests that the yield in this area is moderate, especially considering the lack of data on market rents and home values. Landlords should expect a steady but not exceptionally high cash flow from properties in this ZIP code.
Stability: The stability of the market cannot be fully assessed without specific data on rental percentages, days on market (DOM), and income levels. However, given that ZIP 18710 is a PO Box-only zone, it likely reflects a mix of commercial and residential activity in the broader downtown Wilkes Barre area. The absence of significant residential mailboxes and the presence of multiple ZIP+4 codes indicate a diverse use of space, which could contribute to moderate stability.
The classification of ZIP 18710 as a PO Box-only zone, nested within the larger 18705 ZIP code area, implies that it serves as a specialized postal facility rather than a distinct residential neighborhood. This characteristic makes it challenging to evaluate purely on real estate metrics, as it primarily caters to businesses and individuals requiring PO Box services.
In conclusion, ZIP 18710 appears to be neither a high-yield/low-stability flip-style market nor a low-yield/high-stability steady-cashflow zone. Instead, it falls somewhere in between, offering moderate yield and stability due to its unique role as a PO Box zone within a larger urban setting.
Data Sources: FMR data from HUD (2027).
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.