Location: Susquehanna County, PA | Metro: Susquehanna County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP 18822 reveals a significant gap between the Fair Market Rent (FMR) set at $970 for the metro area in fiscal year 2026 and the actual market rent of $929 based on the latest Census ACS data. This discrepancy stands at $41, representing a 4.4% difference. Given that the FMR exceeds the market rent, this makes ZIP 18822 a prime location for landlords and small-portfolio investors seeking to maximize yields.
The higher FMR means that voucher tenants can potentially pay more than the open-market rate, thereby providing a financial advantage for property owners. In ZIP 18822, where 24.6% of the population are renters and the median home value is $199,713, the median income of $60,132 suggests that many residents might struggle to afford housing without assistance. Thus, the Section 8 program acts as a stabilizing force, ensuring that landlords receive payments close to the FMR, which is above the typical market rent.
This situation benefits investors looking to capitalize on the guaranteed income from the voucher program. However, it also highlights the underlying issue of affordability in the region, where the market rent is lower but still out of reach for a portion of the population. By accepting Section 8 tenants, landlords can secure steady rental income while providing much-needed affordable housing options.
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.