FY2027 Small Area FMR · Waverly, PA

ZIP 18471 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 18471 (Waverly, PA) is $1,670 a month, up 10.6% from FY2026. That is 23% above the Scranton--Wilkes-Barre, PA area-wide FMR of $1,363.

2-bedroom SAFMR$1,670per month ▲ 10.6%

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

Rank in the area7thof 97 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,503

2 BR Small Area FMR$1,670

110% of SAFMR$1,837

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

Studio$1,160▲ 11.5%

1 BR$1,350▲ 8.9%

2 BR$1,670▲ 10.6%

3 BR$2,180▲ 11.2%

4 BR$2,400▲ 12.7%

FY2027 FY2026

Where 18471 sits in the Scranton--Wilkes-Barre, PA area

Of the 97 ZIP codes HUD lists for the area, 18471 has the 7th 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 $1,670 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	$1,160	$1,044 – $1,276	$949	$1,040
1 bedroom	$1,350	$1,215 – $1,485	$1,106	$1,240
2 bedrooms	$1,670	$1,503 – $1,837	$1,363	$1,510
3 bedrooms	$2,180	$1,962 – $2,398	$1,786	$1,960
4 bedrooms	$2,400	$2,160 – $2,640	$1,962	$2,130

A household renting a two-bedroom home at the Small Area FMR of $1,670 needs about $66,800 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 18471 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
18414	Dalton	2.7 mi	$1,660
18440	La Plume	4.2 mi	$1,290
18447	Olyphant	4.5 mi	$1,380
18420	Fleetville	5.1 mi	$1,410
18508	Scranton	5.4 mi	$1,440
18519	Scranton	5.6 mi	$1,290

Questions

What is the Fair Market Rent for ZIP code 18471?

HUD's FY2027 Small Area Fair Market Rents for 18471 are $1,160 (studio), $1,350 (1 BR), $1,670 (2 BR), $2,180 (3 BR) and $2,400 (4 BR) a month.

What is the Section 8 payment standard in 18471?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 18471 that range is $1,503 to $1,837 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 18471?

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.