Housing market/Pennsylvania/ZIP 18518

ACS 2023 · FY2027 SAFMR

ZIP 18518 Old Forge, Pennsylvania

Scranton--Wilkes-Barre, PA MSA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
8,533
Households
3,750
Median HH income
$73,258
Renter share
28.8%
Median gross rent
$862
Vacancy
5.0%
Pop. change
+6.2%
2BR SAFMR
$1,240
SAFMR / rent
1.439×
2–49 unit stock
787
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 18518 · PA — sent to you.

ZIP 18518 · PA

ACS median rent$862
2BR SAFMR$1,240
90% floor$1,116
110% ceiling$1,364

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 18518

  • 1-unit detached2,85072.2%
  • 1-unit attached2506.3%
  • 2–4 units66216.8%
  • 5–49 units1253.2%
  • 50+ units100.3%
  • Mobile521.3%
TypeUnitsShare
1-unit detached2,85072.2%
1-unit attached2506.3%
2 units (duplex)43611.0%
3–4 units2265.7%
5–9 units962.4%
10–19 units290.7%
20–49 units00.0%
50+ units100.3%
Mobile521.3%

2–4 unit share 16.8% · 5–49 unit share 3.2% · combined 2–49 19.9%.

Units by bedrooms

Studio
57
1BR
368
2BR
1,064
3BR
1,949
4BR
501
5+
10

Rent burden

Rent ≥30% of income32.1%
Rent ≥50% of income18.5%
  • ACS median gross rent $862 (all bedrooms, occupied rentals).
  • Median contract rent $699.
  • Renters paying ≥30% of income 32.1%; ≥50% 18.5%.
  • FY2027 2BR SAFMR $1,240 (1.439× ACS median gross rent).

Population

8,533 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 18518 28.8% of occupied households are renters; vacancy is 5.0%; ACS median gross rent is $862; population increased +6.2% between the 2018 and 2023 ACS vintages; the housing stock includes 662 units in 2–4-unit structures and 125 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,240 versus ACS median gross rent of $862. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Pennsylvania research

ZIP 18518 is a Census / HUD profile for Scranton--Wilkes-Barre, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 18518?

ZIP 18518 (Scranton--Wilkes-Barre, PA MSA) has 8,533 residents, 3,750 households, a renter share of 28.8%, median household income of $73,258, and ACS 2023 median gross rent of $862. Vacancy is 5.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 18518?

ACS counts 436 units in 2-unit buildings, 226 in 3–4 unit buildings, 96 in 5–9, 29 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 787 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 18518?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,240. See the full schedule and 90–110% payment-standard band on the ZIP 18518 — Old Forge, PA HUD Section 8 Payment Standards / SAFMR.

Does this Pennsylvania ZIP profile include Georgia listings?

No. ZIP 18518 is Census / HUD research for Scranton--Wilkes-Barre, PA MSA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.