FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR
0.96ratio
FMR$1,570
Market$1,640
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR
1.01ratio
FMR$1,900
Market$1,880
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.11ratio
FMR$2,380
Market$2,150
vs market+$230
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.12ratio
FMR$2,560
Market$2,290
vs market+$270
FMR is above market; underwrite to market rent.
1.12
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 18016 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18016 (Bethlehem, PA) is $1,900 a month. That is up 12.4% from $1,690 in FY 2026. Bethlehem is in the Allentown-Bethlehem-Easton, PA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,839. Among 30 ZIP codes in Northampton County, 18016 is tied for the 7th-highest two-bedroom rent (county range $1,480–$2,570). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18016 is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 18016
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,350
+15.4%
$1,215–$1,485
1BR
$1,390
$1,570
+12.9%
$1,413–$1,727
2BR
$1,690
$1,900
+12.4%
$1,710–$2,090
3BR
$2,160
$2,380
+10.2%
$2,142–$2,618
4BR
$2,270
$2,560
+12.8%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 18016
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,570
$1,900
$2,380
$2,560
FY 2026
$1,170
$1,390
$1,690
$2,160
$2,270
FY 2025
$1,040
$1,220
$1,520
$1,940
$2,020
FY 2024
$980
$1,150
$1,440
$1,840
$1,920
FY 2023
$980
$1,110
$1,410
$1,810
$1,890
Two-bedroom rent in nearby Northampton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 18016?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,839, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,655 to $2,023 a month; under the ZIP-level Small Area FMR of $1,900 it would be $1,710 to $2,090. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 18016 in?
ZIP 18016 is in the Allentown-Bethlehem-Easton, PA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,839.
How much did fair market rent change in ZIP 18016 for FY 2027?
The two-bedroom FMR rose 12.4%, from $1,690 in FY 2026 to $1,900 in FY 2027. Since FY 2023 it has risen 34.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set