Section 8 Fair Market Rent (FMR) for ZIP 18840 - 2027

Location: Bradford County, PA | Metro: Bradford County, PA

Investment Score for ZIP 18840

Monthly Rent (2BR)

$1,130

Median Price (2BR)

$174,725

1% Rule

0.65%

Annual Yield

7.76%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$870
2 Bedrooms	$1,130
3 Bedrooms	$1,390
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,130	$174,725	0.65%	D
3BR	$1,390	$194,839	0.71%	D
4BR	$1,570	$255,695	0.61%	D
5BR	$1,821	$291,607	0.62%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

10,968

Median Household Income

$59,214

Housing Units

5,267

Renter Percentage

30.8%

Occupancy Rate

92.5%

Renter Occupied

1,499

Sayre, PA, located in ZIP code 18840, is a modest-sized community that offers opportunities for both landlords and small-portfolio investors. The local real estate market reflects a balance between affordability and stability, making it an attractive area for investment.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070, providing a benchmark for rental pricing.
The current market rent, according to the Census ACS, stands at $969, indicating that properties are priced slightly below the FMR.
The median home value in Sayre is $192,848, which is reflective of the overall affordability of the housing market.
Renters make up 30.8% of the population, suggesting a significant demand for rental properties.
The median household income is $59,214, offering insight into the economic profile of potential tenants.

Analyzing these points, Sayre presents a stable market for real estate investments. With rental prices currently below the FMR, there is potential for upward adjustments in rent without pricing out the majority of the tenant pool. The moderate median home value indicates a reasonable entry cost for acquiring rental properties, while the substantial renter share ensures a steady demand. Given the median income, tenants should have the financial capacity to meet rent obligations, supporting a low-risk environment for landlords and small-portfolio investors.

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.