Section 8 Fair Market Rent (FMR) for ZIP 16250 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$920
2 Bedrooms	$1,160
3 Bedrooms	$1,540
4 Bedrooms	$1,630
5 Bedrooms	$1,891
6 Bedrooms	$2,118
7 Bedrooms	$2,287
8 Bedrooms	$2,401

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

240

Median Household Income

$57,841

Housing Units

109

Renter Percentage

25.3%

Occupancy Rate

83.5%

Renter Occupied

The ZIP code 16250, located in Venango County, Pennsylvania, is characterized by a mix of residential areas and small-town charm. The region offers opportunities for landlords and small-portfolio investors looking to capitalize on a stable rental market.

Fair Market Rent (FMR): For the fiscal year 2024, the FMR for a one-bedroom apartment is set at $1220, providing a benchmark for rental pricing.
Renter Share: With 25.3% of households being renters, there is a notable demand for rental properties in the area.
Median Home Value: While the median home value is currently unavailable, the presence of a significant rental market suggests that owning rental properties can be a viable investment strategy.
Days on Market (DOM): The average DOM for properties in this area is not available, but this metric is crucial for understanding how quickly properties are rented out.
Median Income: The median household income stands at $57,841, indicating that residents have the financial capability to support modest rental prices.

The analysis of the ZIP code 16250 reveals a steady rental market with a defined share of renters and a reasonable median income. Although some key metrics such as market rent and DOM are not available, the FMR provides a solid starting point for setting competitive rental rates. Investors should focus on properties that align with the local FMR and cater to the needs of the resident population, ensuring a stable and predictable cash flow.

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.