ZIP 18421 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 18421 in the Scranton--Wilkes-Barre, PA MSA FMR area.

Scranton--Wilkes-Barre, PA MSA

$780Efficiency

$9301 bedroom

$1,1302 bedrooms

$1,4703 bedrooms

$1,7104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$949
1 bedroom	$930	$837	$1,023	$1,106
2 bedrooms	$1,130	$1,017	$1,243	$1,363
3 bedrooms	$1,470	$1,323	$1,617	$1,786
4 bedrooms	$1,710	$1,539	$1,881	$1,962

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Susquehanna County, PA

$780Efficiency

$9301 bedroom

$1,1302 bedrooms

$1,4703 bedrooms

$1,7104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$783
1 bedroom	$930	$837	$1,023	$820
2 bedrooms	$1,130	$1,017	$1,243	$1,060
3 bedrooms	$1,470	$1,323	$1,617	$1,386
4 bedrooms	$1,710	$1,539	$1,881	$1,451

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Wayne County, PA

$780Efficiency

$9301 bedroom

$1,1302 bedrooms

$1,4703 bedrooms

$1,7104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$874
1 bedroom	$930	$837	$1,023	$1,008
2 bedrooms	$1,130	$1,017	$1,243	$1,184
3 bedrooms	$1,470	$1,323	$1,617	$1,509
4 bedrooms	$1,710	$1,539	$1,881	$1,979

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 18421

$61,183average adjusted gross income per tax return (2022)

$42,235average salaries and wages per return

2,240tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.9%
$25,000 to $50,000	24.1%
$50,000 to $75,000	17.9%
$75,000 to $100,000	11.6%
$100,000 to $200,000	13.8%
$200,000 or more	2.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 18421?

HUD's FY2027 Small Area FMRs for ZIP 18421 (Scranton--Wilkes-Barre, PA MSA) are $780 efficiency, $930 one bedroom, $1,130 two bedrooms, $1,470 three and $1,710 four bedrooms.

What payment standard can a housing authority set in ZIP 18421?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,017 to $1,243.

How affordable is rent in ZIP 18421?

Tax returns filed from ZIP 18421 reported an average adjusted gross income of $61,183 (2022). A two-bedroom unit at the Small Area FMR costs $13,560 a year, or 22% of that income.