Section 8 Fair Market Rent (FMR) for ZIP 16327 - 2027

Location: Venango County, PA | Metro: Crawford County, PA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$850
1 Bedroom$930
2 Bedrooms$1,110
3 Bedrooms$1,530
4 Bedrooms$1,680
5 Bedrooms$1,949
6 Bedrooms$2,183
7 Bedrooms$2,358
8 Bedrooms$2,476

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,553
Median Household Income
$76,146
Housing Units
1,104
Renter Percentage
11.8%
Occupancy Rate
87.8%
Renter Occupied
114

ZIP 16327, located in Guys Mills, Venango County, PA, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the market rent is currently at $853. This indicates a spread of $117, making it favorable for landlords who can leverage the higher FMR to secure stable rental income.

The median home value in ZIP 16327 is $191,793, which is notably lower than the national average. Despite the relatively low median home value, the area has experienced a 14.3% increase in home values over the past year, suggesting a steady appreciation trend. However, this appreciation does not align with the characteristics of an appreciation play since there is no significant price-cut share or day-on-market (DOM) data indicating distressed properties.

The ZIP code also features a median income of $76,146, providing a solid economic foundation for the local residents. With a renter share of 11.8%, this area is not heavily reliant on rental properties, but it still offers a diversified investment opportunity. Landlords and small-portfolio investors can benefit from the balance between stable rental income and potential appreciation, making ZIP 16327 a valuable addition to a Section 8 portfolio.

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.