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Monroe County/Gilbert/18331

18331

ZIPSAFMR
Monroe County, PA
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,280
1 BR$1,320$1,370
2 BR$1,610$1,700
3 BR$2,190$2,080
4 BR$2,660$2,490
5 BR$3,059Not available
6 BR$3,518Not available
7 BR$4,046Not available
8 BR$4,652Not available

Purchase Price Calculator

Maximum purchase price
$190,703

Cost breakdown

+Likely effective rent$1,700
HUD FMR$1,610
Market rent$1,750
Est. payment standard (106%)Used$1,700
-Principal and interest-$964
Loan amount$152,562
Down payment$38,141
Rate6.50%
Term30 years
-Operating costs-$536
Property taxes-$191
Insurance-$175
Utilities$0
HOA$0
Management-$170
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,329(71.7% ROI)
Projected value
$205,366
Return breakdown
Property appreciation+$14,663
Loan principal paid down+$5,466
Rental cash flow+$7,200
5-year hold
+$46,807(122.7% ROI)
Projected value
$215,763
Return breakdown
Property appreciation+$25,060
Loan principal paid down+$9,747
Rental cash flow+$12,000
10-year hold
+$100,639(263.9% ROI)
Projected value
$244,116
Return breakdown
Property appreciation+$53,413
Loan principal paid down+$23,226
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.95
2 BR
0.92
3 BR
1.05
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 18331 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18331 (Gilbert, PA) is $1,610 a month. That is down 1.2% from $1,630 in FY 2026. Gilbert is in the Monroe County, PA non-metropolitan 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 county-wide two-bedroom FMR of $1,550. Among 38 ZIP codes in Monroe County, 18331 has the 12th-highest two-bedroom rent (county range $1,380–$2,110). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18331 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18331
BedroomsFY 2027Change90–110% range
Studio$1,300+12.1%$1,170–$1,430
1BR$1,320+5.6%$1,188–$1,452
2BR$1,610−1.2%$1,449–$1,771
3BR$2,190+4.3%$1,971–$2,409
4BR$2,660+13.7%$2,394–$2,926

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18331
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,320$1,610$2,190$2,660
FY 2026$1,160$1,250$1,630$2,100$2,340
FY 2025$1,240$1,280$1,670$2,190$2,530
FY 2024$1,150$1,170$1,530$2,070$2,450
FY 2023$960$980$1,280$1,760$2,070

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 18331
18323$1,380−14.3%
18324$2,070+28.6%
18325$1,510−6.2%
18326$1,380−14.3%
18327$1,380−14.3%
18328$1,380−14.3%
18330$1,740+8.1%
18331Current$1,610—
18332$1,440−10.6%
18333$1,530−5.0%
18334$1,510−6.2%
18335$1,590−1.2%

Questions about ZIP 18331 rents

How much will Section 8 pay for a two-bedroom in ZIP 18331?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,550, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,395 to $1,705 a month; under the ZIP-level Small Area FMR of $1,610 it would be $1,449 to $1,771. 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 18331 in?

ZIP 18331 is in the Monroe County, PA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,550.

How much did fair market rent change in ZIP 18331 for FY 2027?

The two-bedroom FMR fell 1.2%, from $1,630 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 25.8%.

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

County fair market rentGilbert, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources