Location: Susquehanna County, PA | Metro: Susquehanna County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 18820 is not a renter-heavy area; it has an extremely low percentage of renters at 0.0%. This indicates that the majority of residents in this area are homeowners, which suggests that there is likely a scarcity of housing vouchers available for tenants. The lack of data on median household income and market rent makes it difficult to provide a precise analysis of the economic conditions affecting potential tenants. However, given the absence of median income data, we can infer that the income levels in this ZIP code are either too varied or insufficiently reported to establish a reliable average.
The Fair Market Rent (FMR) for the metro area, set at $1,120 for fiscal year 2026, serves as a benchmark for comparing rental costs. Without specific market rent figures for ZIP 18820, we cannot determine the exact proportion of local income that would typically be spent on rent. But generally, if the market rent aligns closely with the FMR, then tenants would be spending approximately 30% of their income on housing, assuming they adhere to the guidelines that limit voucher usage to 30% of a household's income.
A landlord in ZIP 18820 should anticipate a tenant pool that is predominantly composed of individuals or families who rely on housing vouchers due to the scarcity of voucher demand in the area. These tenants will be seeking affordable housing options that do not exceed the FMR of $1,120. Given the low number of renters, competition for available rental properties is expected to be intense among those who qualify for Section 8 assistance.
To attract and retain tenants in this environment, landlords must ensure their properties meet the standards required for voucher eligibility. This includes maintaining a property that is safe, decent, and sanitary, and adhering to the rent limits imposed by the Housing Choice Voucher program. Landlords should also be prepared to work with local housing authorities to facilitate the voucher process efficiently.
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.