Location: Jefferson County, PA | Metro: Armstrong County, PA HUD Metro FMR Area
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 | $710 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $171,226 | 0.59% | F |
| 3BR | $1,350 | $181,580 | 0.74% | D |
| 4BR | $1,420 | $213,762 | 0.66% | D |
U.S. Census Bureau data (2024)
850 is the Fair Market Rent (FMR) for ZIP 16222 in Dayton, PA, for fiscal year 2024. 706 represents the average market rent as reported by the Census Bureau's American Community Survey, indicating a gap between the FMR and actual rents. 171,193 is the median home value, which is significantly higher than the average market rent, suggesting a diverse housing market. 8.5% is the share of households that are renters, showing a relatively low demand compared to owner-occupied homes. 64,688 is the median income figure, which is below the national average, implying potential financial constraints for residents. The data does not provide a specific number of days on the market (DOM), nor does it indicate the percentage of properties that have had their prices cut, leaving these metrics unknown. This lack of detailed market performance indicators can be challenging when assessing the volatility and responsiveness of the rental market. However, given the disparity between the FMR and the market rent, landlords can expect to receive a subsidy that covers the difference, making Section 8 participation financially viable. The lower median income also supports the argument that many tenants will require assistance through Section 8 vouchers, ensuring a steady stream of qualified applicants. In conclusion, despite the limited data on market dynamics, the combination of a favorable FMR to market rent ratio and a significant need for affordable housing makes Section 8 participation a prudent strategy for landlords and small-portfolio investors in ZIP 16222.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.