FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR
1.00ratio
FMR$1,110
Market$1,110
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR
0.96ratio
FMR$1,370
Market$1,430
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.08ratio
FMR$1,790
Market$1,660
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR
1.20ratio
FMR$1,970
Market$1,640
vs market+$330
FMR is above market; underwrite to market rent.
1.20
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 18515 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18515 (Scranton, PA) is $1,370 a month. That is up 9.6% from $1,250 in FY 2026. Scranton is in the Scranton--Wilkes-Barre, PA MSA. 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 $1,363. Among 37 ZIP codes in Lackawanna County, 18515 is tied for the 15th-highest two-bedroom rent (county range $1,130–$1,700). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18515 is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 18515
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$950
+10.5%
$855–$1,045
1BR
$1,030
$1,110
+7.8%
$999–$1,221
2BR
$1,250
$1,370
+9.6%
$1,233–$1,507
3BR
$1,630
$1,790
+9.8%
$1,611–$1,969
4BR
$1,760
$1,970
+11.9%
$1,773–$2,167
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 18515
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,110
$1,370
$1,790
$1,970
FY 2026
$860
$1,030
$1,250
$1,630
$1,760
FY 2025
$780
$930
$1,120
$1,460
$1,590
FY 2024
$730
$850
$1,040
$1,340
$1,470
FY 2023
$700
$820
$1,000
$1,290
$1,410
Two-bedroom rent in nearby Lackawanna County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 18515?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,363, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,227 to $1,499 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 18515 in?
ZIP 18515 is in the Scranton--Wilkes-Barre, PA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,363.
How much did fair market rent change in ZIP 18515 for FY 2027?
The two-bedroom FMR rose 9.6%, from $1,250 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 37.0%.
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