FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR
0.97ratio
FMR$1,540
Market$1,580
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
0.93ratio
FMR$1,860
Market$1,990
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR
0.88ratio
FMR$2,510
Market$2,850
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.88
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 18195 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18195 (Allentown, PA) is $1,860 a month. That is up 12.7% from $1,650 in FY 2026. Allentown 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 38 ZIP codes in Lehigh County, 18195 is tied for the 14th-highest two-bedroom rent (county range $1,480–$2,760). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18195 is 64% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 18195
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,320
+15.8%
$1,188–$1,452
1BR
$1,350
$1,540
+14.1%
$1,386–$1,694
2BR
$1,650
$1,860
+12.7%
$1,674–$2,046
3BR
$2,110
$2,330
+10.4%
$2,097–$2,563
4BR
$2,220
$2,510
+13.1%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 18195
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,320
$1,540
$1,860
$2,330
$2,510
FY 2026
$1,140
$1,350
$1,650
$2,110
$2,220
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 Lehigh County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 18195?
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 $1,860 it would be $1,674 to $2,046. 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 18195 in?
ZIP 18195 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 18195 for FY 2027?
The two-bedroom FMR rose 12.7%, from $1,650 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 31.9%.
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