Location: Susquehanna County, PA | Metro: Bradford County, PA
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 | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,580 | $239,711 | 0.66% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 18829 is poised for careful consideration by landlords and small-portfolio investors. With a median home value of $229,627, the area presents a baseline for assessing investment opportunities. The fact that the percentage of listings reduced and the median days on market (DOM) are not available suggests a stable market where homes are likely selling at or near their asking price, indicating strong pricing power for the next 12-24 months.
On the rental side, the Forward Monthly Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,240, while the current market rate based on Census ACS data is $920. This discrepancy signals potential growth in rental income, which could be beneficial for long-term investors. The gap between the FMR and the current market rate suggests that rental values have room to rise, aligning with broader economic trends and increasing demand.
For long-hold investors, the setup in ZIP 18829 implies a realistic appreciation thesis. The combination of a stable housing market, indicated by the median home value and the lack of significant reductions in listing prices, paired with an expected increase in rental rates, points towards a favorable environment for property appreciation. As rental prices trend upwards to meet the FMR projections, the value of residential properties is likely to follow, driven by the fundamental principle that rising rents often correlate with increasing property values.
However, it's important to note that the absence of specific data regarding the percentage of listings reduced and median DOM limits a comprehensive assessment. Nonetheless, the current indicators suggest that landlords and small- portfolio investors can expect to maintain strong pricing power and potentially see capital appreciation over the next couple of years, contingent upon broader economic conditions and local market dynamics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.