Location: Elk County, PA | Metro: Elk County, PA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $147,535 | 0.93% | C |
| 3BR | $1,790 | $179,306 | 1% | C |
| 4BR | $1,800 | $190,704 | 0.94% | C |
U.S. Census Bureau data (2024)
Kersey, PA, located in Elk County, has a distinct profile among ZIP codes. With a population of 3,408 residents, Kersey stands out due to its relatively low rental rate at 18.9%, indicating that most residents own their homes. The median income here is $70,662, which is above the national average, and the median home value is $166,993, reflecting a stable housing market.
The voucher economics in Kersey present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,360, while the current market rent, according to Census ACS data, is only $713. This significant gap means that Section 8 vouchers can cover a substantial portion of the rent, making it attractive for those who might otherwise struggle to afford housing in the area.
The data signature for ZIP 15846 suggests a stable environment. The relatively high median income and home values indicate financial stability among residents. While the rental rate is low, the potential for Section 8 vouchers to bridge the gap between market rates and FMR could encourage more residents to enter the rental market, potentially leading to a transitional phase where rental demand increases. However, the overall trend points towards stability, with economic conditions supporting both homeownership and the possibility of growth in the rental sector.
For landlords considering accepting Section 8 vouchers, Kersey offers a balanced scenario. The financial support provided by vouchers can help mitigate risks associated with tenant turnover, while the stable economic backdrop reduces concerns about broader market fluctuations. Small-portfolio investors should also consider the potential for increased rental demand driven by the voucher program, which could lead to higher occupancy rates and more consistent cash flow.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.