Section 8 Fair Market Rent (FMR) for ZIP 18943 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 18943 in Pennsylvania for fiscal year 2024 is set at $1830. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the program to determine the subsidy amount.

The local median rent in ZIP 18943 is currently listed as N/A, which makes direct comparison challenging. However, the FMR serves as a benchmark for what is considered a fair rent in the area. If the typical rents in your locality are below $1830, you may find that the voucher program covers a significant portion of your tenant's rent, making it a viable option.

The percentage of renters in ZIP 18943 is N/A%, indicating the proportion of residents who are likely to be interested in affordable housing options. This suggests a potential demand for Section 8 rentals in the area. The average home value in the ZIP code is also listed as N/A, which can help you gauge the acquisition cost if you're considering purchasing a property to rent out under the Section 8 program.

To ensure you're making an informed decision, verify that your rental unit meets all the required standards for the Section 8 program. These include safety, health, and structural requirements. Non-compliance can lead to reduced payments or even termination of the contract, so it's crucial to confirm that your property is up to code before signing on with a Section 8 tenant.

Data Sources: FMR data from HUD (2027).

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.