FY2027 Small Area FMR · Olyphant, PA

ZIP 18447 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 18447 (Olyphant, PA) is $1,380 a month, up 7.8% from FY2026. That is 1% above the Scranton--Wilkes-Barre, PA area-wide FMR of $1,363.

2-bedroom SAFMR$1,380per month ▲ 7.8%

Area-wide 2 BR FMR$1,363Scranton--Wilkes-Barre, PA

Rank in the area32ndof 97 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,242

2 BR Small Area FMR$1,380

110% of SAFMR$1,518

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$960▲ 9.1%

1 BR$1,120▲ 6.7%

2 BR$1,380▲ 7.8%

3 BR$1,810▲ 8.4%

4 BR$1,990▲ 9.9%

FY2027 FY2026

Where 18447 sits in the Scranton--Wilkes-Barre, PA area

Of the 97 ZIP codes HUD lists for the area, 18447 has the 32nd highest two-bedroom Small Area FMR. Scranton--Wilkes-Barre, PA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,363 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,380 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$960	$864 – $1,056	$949	$880
1 bedroom	$1,120	$1,008 – $1,232	$1,106	$1,050
2 bedrooms	$1,380	$1,242 – $1,518	$1,363	$1,280
3 bedrooms	$1,810	$1,629 – $1,991	$1,786	$1,670
4 bedrooms	$1,990	$1,791 – $2,189	$1,962	$1,810

A household renting a two-bedroom home at the Small Area FMR of $1,380 needs about $55,200 a year to keep housing costs at 30% of income. The area median family income is $92,400 and the 80% low-income limit for four people is $73,600. ZIP code 18447 lies mainly in Lackawanna County. See the Scranton--Wilkes-Barre, PA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
18452	Peckville	2.2 mi	$1,350
18403	Archbald	3.7 mi	$1,260
18519	Scranton	3.8 mi	$1,290
18433	Jermyn	4.3 mi	$1,310
18471	Waverly	4.5 mi	$1,670
18508	Scranton	4.8 mi	$1,440

Questions

What is the Fair Market Rent for ZIP code 18447?

HUD's FY2027 Small Area Fair Market Rents for 18447 are $960 (studio), $1,120 (1 BR), $1,380 (2 BR), $1,810 (3 BR) and $1,990 (4 BR) a month.

What is the Section 8 payment standard in 18447?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 18447 that range is $1,242 to $1,518 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 18447?

The FY2026 income limits of the Scranton--Wilkes-Barre, PA area apply: median family income $92,400, low-income (80%) limit $73,600 for a family of four.