Location: Sullivan 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 | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $224,772 | 0.51% | F |
| 3BR | $1,420 | $240,436 | 0.59% | F |
| 4BR | $1,610 | $231,459 | 0.7% | D |
U.S. Census Bureau data (2024)
The market in ZIP 18833, encompassing Monroeton, PA, is characterized by a clear distinction between the Fair Market Rent (FMR) and the actual market rent. With an FMR set at $1,150 for fiscal year 2026, compared to the current market rent of $954 as reported by the Census Bureau's American Community Survey (ACS), there is a notable gap suggesting that rental prices could be on an upward trajectory to meet federal guidelines.
The median home value in the area stands at $207,918. While specific percentages for price-cut share and days on market (DOM) are unavailable, the combination of relatively low market rents and the FMR indicates a potential scenario where demand might be growing towards meeting federal standards, signaling a market that could be experiencing increasing pressure from renters.
The 17.5% renter share in the area provides insight into the long-term dynamics of housing pressure. This percentage suggests a moderate proportion of renters, which can indicate steady demand for rental properties. As the population grows or changes, the demand for rentals often increases, leading to higher competition among renters and potentially driving up rental prices over time.
In summary, while precise historical trends are not available, the data points to a market where demand for rental properties is likely to increase, driven by both the existing renter population and the need to align with federal fair market rent standards. The current snapshot suggests a dynamic environment that favors landlords and small-portfolio investors who can adapt to these pressures.
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.