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Lackawanna County/Taylor/18517

18517

ZIPSAFMR
Lackawanna County, PA
Zillow

ZIP Investment Score

130Above average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,050
1 BR$1,270$1,220
2 BR$1,570$1,530
3 BR$2,060$1,740
4 BR$2,260$1,900
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,570
Market rentUsed$1,530
Est. payment standard (98%)$1,540
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.04
2 BR
1.03
3 BR
1.18
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 18517 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18517 (Taylor, PA) is $1,570 a month. That is up 14.6% from $1,370 in FY 2026. Taylor 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, 18517 is tied for the 5th-highest two-bedroom rent (county range $1,130–$1,700). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18517 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18517
BedroomsFY 2027Change90–110% range
Studio$1,090+16.0%$981–$1,199
1BR$1,270+13.4%$1,143–$1,397
2BR$1,570+14.6%$1,413–$1,727
3BR$2,060+15.7%$1,854–$2,266
4BR$2,260+17.1%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18517
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,270$1,570$2,060$2,260
FY 2026$940$1,120$1,370$1,780$1,930
FY 2025$800$950$1,150$1,500$1,630
FY 2024$700$820$1,000$1,290$1,410
FY 2023$670$790$960$1,240$1,350

Two-bedroom rent in nearby Lackawanna County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 18517
18503$1,530−2.5%
18504$1,360−13.4%
18505$1,340−14.6%
18507$1,5700.0%
18508$1,440−8.3%
18509$1,380−12.1%
18510$1,460−7.0%
18512$1,260−19.7%
18515$1,370−12.7%
18517Current$1,570—
18518$1,240−21.0%
18519$1,290−17.8%

Questions about ZIP 18517 rents

How much will Section 8 pay for a two-bedroom in ZIP 18517?

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 $1,570 it would be $1,413 to $1,727. 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 18517 in?

ZIP 18517 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 18517 for FY 2027?

The two-bedroom FMR rose 14.6%, from $1,370 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 63.5%.

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