Location: Forest County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The median income in ZIP code 16217 stands at $56,250, which provides a baseline for understanding the financial capabilities of households in this area. However, without specific market rate figures for rental properties in this ZIP code, it's challenging to definitively assess whether a typical household can afford the local rent. What we do know is that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, representing the voucher payment standard.
Given the limited data—only 77 people and 0.0% renters—the competition among landlords appears to be minimal. This suggests a niche market where the demand for rental properties might be lower than in more densely populated areas. The affordability gap, therefore, could be significant if the actual market rates exceed the FMR, making it difficult for voucher holders to find suitable housing.
For landlords considering their strategy, the takeaway is clear. With the FMR at $970, there is a strong incentive to accept vouchers, especially given the low percentage of renters. This approach ensures a steady stream of income and reduces vacancy risks, as voucher holders are guaranteed to receive their assistance. However, landlords should also consider the administrative aspects of accepting vouchers, including the need to comply with HUD standards and possibly undergoing inspections.
Accepting vouchers can be a strategic move in ZIP 16217, as it aligns with the financial support available to renters through the government program. It's a way to tap into an otherwise underserved market and provide affordable housing options, benefiting both the landlord and the community.
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.