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Lackawanna County/Ransom/18653

18653

ZIPFMR
Lackawanna County, PA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$949$1,010
1 BR$1,106$1,120
2 BR$1,363$1,410
3 BR$1,786$1,610
4 BR$1,962$1,630
5 BR$2,256Not available
6 BR$2,595Not available
7 BR$2,984Not available
8 BR$3,432Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMR$1,363
Market rent$1,430
Est. payment standard (103%)Used$1,410
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
0.98
2 BR
0.95
3 BR
1.11
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 18653 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 18653 (Ransom, PA) is $1,363 a month. That is up 8.9% from $1,252 in FY 2026. Ransom is in the Scranton--Wilkes-Barre, PA MSA. The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 18653 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 18653
BedroomsFY 2027Change90–110% range
Studio$949+10.0%$854–$1,044
1BR$1,106+7.6%$995–$1,217
2BR$1,363+8.9%$1,227–$1,499
3BR$1,786+9.5%$1,607–$1,965
4BR$1,962+11.1%$1,766–$2,158

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 18653
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$949$1,106$1,363$1,786$1,962
FY 2026$863$1,028$1,252$1,631$1,766
FY 2025SAFMR$780$930$1,120$1,460$1,590
FY 2024SAFMR$730$850$1,040$1,340$1,470
FY 2023SAFMR$780$910$1,110$1,430$1,560

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about ZIP 18653 rents

How much will Section 8 pay for a two-bedroom in ZIP 18653?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,363, that basic range is $1,227 to $1,499 a month. 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 18653 in?

ZIP 18653 is in the Scranton--Wilkes-Barre, PA MSA. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 18653 for FY 2027?

The two-bedroom FMR rose 8.9%, from $1,252 in FY 2026 to $1,363 in FY 2027.

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 Fair Market Rents. 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 rentRansom, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources