Section 8 Fair Market Rent (FMR) for ZIP 16254 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$850
1 Bedroom$860
2 Bedrooms$1,110
3 Bedrooms$1,320
4 Bedrooms$1,860
5 Bedrooms$2,158
6 Bedrooms$2,417
7 Bedrooms$2,610
8 Bedrooms$2,741

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
3,516
Median Household Income
$56,563
Housing Units
1,577
Renter Percentage
17.3%
Occupancy Rate
86.3%
Renter Occupied
235

ZIP 16254, located in Clarion County, PA metro, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area is set at $1,080 for fiscal year 2026, which is significantly higher than the current market rent of $885. This creates a positive spread of $195 per unit, ensuring a steady and reliable income stream for landlords and investors.

The median home value in ZIP 16254 stands at $175,221, which provides a stable base for property values without the volatility seen in some other markets. Landlords can expect consistent rental income with minimal risk of vacancy, given the high demand for affordable housing options in the area.

While there are no specific figures provided for price-cut share or days on market (DOM), the lack of these metrics suggests that properties in ZIP 16254 do not typically require significant price adjustments or extended periods on the market to attract tenants. This further supports the notion that the area is well-suited for generating predictable cash flow.

The renter share in ZIP 16254 is 17.3%, indicating that while it is not a highly transient area, there is still a notable portion of the population who prefer renting over owning. The median income of $56,563 aligns with the affordability of the FMR, making Section 8 housing a viable option for many residents.

In summary, ZIP 16254 offers a strong foundation for a cash-flow anchor within a Section 8 portfolio due to its favorable FMR-to-market rent spread and stable property values. These factors ensure that landlords and investors can rely on consistent returns and minimal financial risk.

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.