Section 8 Fair Market Rent (FMR) for ZIP 16054 - 2027

Location: Clarion County, PA | Metro: Clarion County, PA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$940
1 Bedroom$950
2 Bedrooms$1,220
3 Bedrooms$1,450
4 Bedrooms$2,040
5 Bedrooms$2,366
6 Bedrooms$2,650
7 Bedrooms$2,862
8 Bedrooms$3,005

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
333
Median Household Income
$71,500
Housing Units
168
Renter Percentage
12.5%
Occupancy Rate
85.7%
Renter Occupied
18

The Section 8 housing market in ZIP code 16054, located in Clarion County, PA, presents a unique opportunity for investors. The Fair Market Rent (FMR) as determined by HUD for the metro area, effective in fiscal year 2026, is set at $1,120. This figure contrasts sharply with the actual market rent reported by the Census ACS, which stands at $875. Given these numbers, it's clear that voucher tenants will cashflow at the HUD FMR, providing a significant financial buffer for landlords.

To further analyze the investment potential, consider the rent-to-price ratio. The median home value in ZIP 16054 is currently not available, indicating a limited number of sales transactions. However, this scarcity can be interpreted as a stable market with fewer speculative activities, which typically benefits long-term investors. The lack of recent sales data also means there is less pressure from fluctuating home prices, allowing rental properties to maintain their value without the volatility seen in areas with higher turnover rates.

The days on market (DOM) and price cut share percentages are also not available. While these metrics would provide additional insight into the local real estate market, their absence suggests that property listings are either quickly sold or not frequently discounted, which could indicate a robust demand for housing in the area. This strong demand supports the viability of rental investments, including those under Section 8.

In conclusion, the strongest investor angle in ZIP 16054 is cashflow. With voucher tenants paying above the market rate, landlords can expect steady income without the need for premium units. This makes the area particularly attractive for small-portfolio investors looking to secure reliable returns on their investment properties.

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.