18340

ZIPSAFMR

Pike County, PA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,100	$1,210	0.6%
1 BR	$1,240	$1,360	2.5%
2 BR	$1,550	$1,710	1.1%
3 BR	$2,040	$2,240	2.2%
4 BR	$2,280	$2,510	-0.3%
5 BR	$2,622	Not available	-0.3%
6 BR	$3,015	Not available	-0.3%
7 BR	$3,468	Not available	-0.3%
8 BR	$3,988	Not available	-0.3%

Purchase Price Calculator

Maximum purchase price

$192,189

Cost breakdown

+Likely effective rent$1,710

HUD FMR$1,550

Market rent$2,070

Est. payment standard (110%)Used$1,710

-Principal and interest-$972

Loan amount$153,751

Down payment$38,438

Rate6.50%

Term30 years

-Operating costs-$538

Property taxes-$192

Insurance-$175

Utilities$0

HOA$0

Management-$171

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,486(71.5% ROI)

Projected value

$206,966

Return breakdown

Property appreciation+$14,778

Loan principal paid down+$5,509

Rental cash flow+$7,200

5-year hold

+$47,078(122.5% ROI)

Projected value

$217,444

Return breakdown

Property appreciation+$25,255

Loan principal paid down+$9,823

Rental cash flow+$12,000

10-year hold

+$101,236(263.4% ROI)

Projected value

$246,018

Return breakdown

Property appreciation+$53,829

Loan principal paid down+$23,407

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.79ratio

FMR$1,100

Market$1,400

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.79

1 BR

0.74ratio

FMR$1,240

Market$1,670

vs market-$430

FMR is below market; voucher rent may lag private rents.

0.74

2 BR

0.75ratio

FMR$1,550

Market$2,070

vs market-$520

FMR is below market; voucher rent may lag private rents.

0.75

3 BR

0.82ratio

FMR$2,040

Market$2,500

vs market-$460

FMR is below market; voucher rent may lag private rents.

0.82

4 BR

0.83ratio

FMR$2,280

Market$2,760

vs market-$480

FMR is below market; voucher rent may lag private rents.

0.83

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 18340 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18340 (Millrift, PA) is $1,550 a month. That is up 3.3% from $1,500 in FY 2026. Millrift is in the Pike 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 $1,521. Among 20 ZIP codes in Pike County, 18340 is tied for the 5th-highest two-bedroom rent (county range $1,350–$2,070). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18340 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18340
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,150	$1,100	−4.3%	$990–$1,210
1BR	$1,160	$1,240	+6.9%	$1,116–$1,364
2BR	$1,500	$1,550	+3.3%	$1,395–$1,705
3BR	$1,940	$2,040	+5.2%	$1,836–$2,244
4BR	$2,480	$2,280	−8.1%	$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18340
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,100	$1,240	$1,550	$2,040	$2,280
FY 2026	$1,150	$1,160	$1,500	$1,940	$2,480
FY 2025	$1,130	$1,140	$1,490	$1,900	$2,440
FY 2024	$1,080	$1,150	$1,500	$1,910	$2,300
FY 2023	$980	$1,020	$1,330	$1,710	$2,110

Two-bedroom rent in nearby Pike County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 18340
18302	$1,590	+2.6%
18324	$2,070	+33.5%
18325	$1,510	−2.6%
18326	$1,380	−11.0%
18328	$1,380	−11.0%
18336	$1,350	−12.9%
18337	$1,640	+5.8%
18340Current	$1,550	—
18371	$1,940	+25.2%
18405	$1,350	−12.9%
18425	$1,350	−12.9%
18426	$1,370	−11.6%

Questions about ZIP 18340 rents

How much will Section 8 pay for a two-bedroom in ZIP 18340?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,521, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,369 to $1,673 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 18340 in?

ZIP 18340 is in the Pike County, PA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,521.

How much did fair market rent change in ZIP 18340 for FY 2027?

The two-bedroom FMR rose 3.3%, from $1,500 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 16.5%.

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 rent Millrift, PA fair market rent PA statewide rents What is SAFMR?Data sources