Location: Bradford 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $135,880 | 0.81% | C |
| 3BR | $1,360 | $190,043 | 0.72% | D |
| 4BR | $1,530 | $194,017 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 18832, located in Monroeton, Pennsylvania, stands out within Bradford County due to its unique demographic and economic characteristics. With a population of 1,924 residents, it has a rental rate of 19.1%, indicating that nearly one-fifth of the housing units are rented. The median household income in the area is $52,961, which is relatively modest compared to other parts of the state. However, the median home value is significantly higher at $171,987, suggesting a mix of affordable rental options and more expensive owner-occupied homes.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,100. This figure is notably higher than the current market rent, which according to the Census ACS data, averages around $911. Landlords can leverage this discrepancy to potentially increase their rental income by participating in the Section 8 program, as the voucher amount exceeds the typical market rate.
The data signature for ZIP 18832 reads as stable. Despite the modest median income, the higher median home value suggests a relatively stable housing market. The slight overpayment by the Section 8 vouchers compared to market rates could be beneficial for landlords looking to secure long-term tenants while maintaining a steady cash flow. The rental rate indicates a steady demand for rental properties, which is important for small-portfolio investors considering the market. Overall, the combination of these factors points towards a stable environment for both landlords and investors interested in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.