Section 8 Fair Market Rent (FMR) for ZIP 14744 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor considering ZIP 14744 might raise several concerns regarding the feasibility of renting properties under the Section 8 program. Let's address these points directly using the available data.

• Objection: Will Fair Market Rent (FMR) of $1,180 (metro FY 2026) cover the mortgage on a $198,561 home? The FMR of $1,180 can be used to calculate potential monthly mortgage payments. Assuming a typical 30-year fixed-rate mortgage at an interest rate of 4%, the monthly payment on a $198,561 home would be approximately $950. This means that the FMR does indeed cover the mortgage, leaving some room for additional expenses such as maintenance and property taxes.
• Objection: Is there enough renter demand at 40.0%? With 40.0% of households in ZIP 14744 being renters, the demand for rental properties is present but not overwhelming. However, the success of a Section 8 property depends not just on the percentage of renters but also on the overall number of households and the effectiveness of the local housing authority in matching tenants with available units. While the 40.0% figure indicates a moderate level of demand, it's important to consider the competition from other rental properties and the administrative efficiency of the housing authority.
• Objection: Will vouchers keep pace with market rents of $958? The Fair Market Rent set by HUD for ZIP 14744 is $1,180, which is higher than the average market rent of $958. This suggests that vouchers should generally cover the cost of renting properties at market rates. However, the key issue is whether the supply of vouchers will meet the demand from eligible tenants. If the local housing authority has a backlog or limited funding, the pace at which vouchers are issued could lag behind the actual need, potentially affecting the ability to fill Section 8 units.

The data provides a snapshot of the financial landscape in ZIP 14744, indicating that FMRs are sufficient to cover mortgage costs and exceed average market rents. However, the success of a Section 8 investment hinges on factors beyond just these figures, including the local housing authority's efficiency and the broader economic conditions influencing tenant eligibility and voucher issuance.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.