Section 8 Fair Market Rent (FMR) for ZIP 16112 - 2027

Location: Lawrence County, PA | Metro: Lawrence County, PA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$800
2 Bedrooms	$1,040
3 Bedrooms	$1,440
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,322

Median Household Income

$74,821

Housing Units

613

Renter Percentage

14.0%

Occupancy Rate

88.6%

Renter Occupied

Housing Authorities Serving ZIP 16112

HOUSING AUTH CO OF LAWRENCE (New Castle, PA) - 433 Section 8 vouchers

ZIP code 16112, located in Bessemer, PA, falls within the Lawrence County, PA HUD Metro FMR Area. The Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2026, which represents the maximum amount that a voucher holder can pay for rent. In comparison, the actual market rent in ZIP 16112 is $869, indicating that it is slightly below the FMR threshold.

The median home value in ZIP 16112 stands at $135,565, which is notably lower than what might be expected in a typical ZIP code within the Lawrence County, PA HUD Metro FMR Area. This suggests that 16112 could be considered a value pocket within its larger metro area, offering more affordable housing options compared to other areas.

The renter share in ZIP 16112 is 14.0%, which is an important figure for landlords and small-portfolio investors. This percentage indicates that a significant portion of residents are renters, creating a stable demand for rental properties. However, it's crucial to note that a higher renter share coupled with lower-than-average home values can signal a concentration of voucher holders, making it a strategic location for those interested in Section 8 tenants.

To further contextualize the data, let's examine how 16112 compares to typical ZIP codes within the Lawrence County, PA HUD Metro FMR Area:

Fair Market Rent: At $970, the FMR for 16112 aligns with the metro-wide standard, suggesting that rents are neither excessively high nor low relative to the broader area.
Market Rent: The actual market rent of $869 is below the FMR, which could indicate a competitive advantage for landlords who price their rentals close to this figure, attracting both voucher holders and non-voucher renters.
Home Value: With a median home value of $135,565, ZIP 16112 offers significantly more affordable housing compared to other ZIP codes within the same metro area, positioning it as a value pocket.
Renter Share: The 14.0% renter share is indicative of a substantial rental market, which can be particularly attractive for landlords participating in the Section 8 program due to the guaranteed income stream from vouchers.

The combination of a below-metro median home value and a moderate renter share suggests that ZIP 16112 could be a prime location for landlords seeking to engage with the Section 8 program, offering both stability and affordability within the Lawrence County, PA HUD Metro FMR Area.

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.