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Luzerne County/Harveys Lake/18618

18618

ZIPSAFMR
Luzerne County, PA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,410
1 BR$1,490$1,470
2 BR$1,840$1,660
3 BR$2,410$1,930
4 BR$2,650$2,140
5 BR$3,047Not available
6 BR$3,505Not available
7 BR$4,030Not available
8 BR$4,635Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,840
Market rentUsed$1,660
Est. payment standard (94%)$1,720
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
1.01
2 BR
1.11
3 BR
1.25
4 BR
1.24
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 18618 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 18618 (Harveys Lake, PA) is $1,840 a month. That is up 4.5% from $1,760 in FY 2026. Harveys Lake 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 57 ZIP codes in Luzerne County, 18618 has the 2nd-highest two-bedroom rent (county range $1,130–$1,890). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18618 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18618
BedroomsFY 2027Change90–110% range
Studio$1,280+5.8%$1,152–$1,408
1BR$1,490+3.5%$1,341–$1,639
2BR$1,840+4.5%$1,656–$2,024
3BR$2,410+5.2%$2,169–$2,651
4BR$2,650+6.9%$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18618
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,490$1,840$2,410$2,650
FY 2026$1,210$1,440$1,760$2,290$2,480
FY 2025$1,090$1,300$1,570$2,040$2,230
FY 2024$1,010$1,180$1,440$1,860$2,030
FY 2023$940$1,100$1,340$1,730$1,880

Two-bedroom rent in nearby Luzerne County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 18618
18602$1,700−7.6%
18603$1,130−38.6%
18610$1,510−17.9%
18612$1,550−15.8%
18615$1,180−35.9%
18617$1,160−37.0%
18618Current$1,840—
18621$1,590−13.6%
18622$1,250−32.1%
18627$1,370−25.5%
18634$1,230−33.2%
18635$1,190−35.3%

Questions about ZIP 18618 rents

How much will Section 8 pay for a two-bedroom in ZIP 18618?

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 $1,840 it would be $1,656 to $2,024. 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 18618 in?

ZIP 18618 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 18618 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,760 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 37.3%.

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