Location: Susquehanna County, PA | Metro: Susquehanna County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 18823 within the Susquehanna County, PA metro area reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,210. However, without a specific market rent figure, it's challenging to determine if properties in this ZIP code can command rents that meet or exceed the FMR. This uncertainty suggests potential risks in achieving expected rental income.
Acquisition affordability is unclear due to missing data on median home values, days on market (DOM), and the percentage of homes needing price cuts. These metrics are essential for assessing whether buying properties in this ZIP code would be financially prudent. The lack of these figures makes it difficult to provide a concrete analysis of the cost-effectiveness of acquiring real estate in this area.
Tenant demand is modest. With a population of 132, only 10.3% are renters. This indicates a limited pool of potential tenants, which could lead to challenges in filling vacancies and maintaining occupancy rates. Landlords might find it necessary to offer competitive rental terms to attract and retain tenants in this ZIP code.
Verdict: Based on the available data, investing in ZIP code 18823 presents significant challenges. The uncertain market rent against the FMR of $1,210 implies potential financial risks. Without specific figures on median home values, DOM, and price-cut shares, the feasibility of property acquisitions remains ambiguous. Furthermore, the low renter share of 10.3% within a small population base of 132 suggests limited tenant demand. Investors should proceed with caution and seek additional local market insights before committing capital to this area.
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.