Section 8 Fair Market Rent (FMR) for ZIP 16332 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$800
1 Bedroom$890
2 Bedrooms$1,060
3 Bedrooms$1,310
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
121
Median Household Income
$N/A
Housing Units
55
Renter Percentage
27.3%
Occupancy Rate
80.0%
Renter Occupied
12

ZIP code 16332, located in Lickingville, PA, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. However, the median home value in ZIP 16332 is $210,000, indicating that this area is more residentially focused than rental-focused. Given the lack of specific rental market data, we must rely on the FMR figure to assess potential cash flow.

The absence of detailed market and median income data suggests that this ZIP code is not particularly volatile or subject to rapid appreciation. Instead, it offers a stable environment for generating consistent rental income. With 27.3% of the population being renters, there is a steady demand for rental properties, making ZIP 16332 a reliable choice for landlords and small-portfolio investors seeking to minimize risk and maximize cash flow.

A cash-flow anchor is essential for any investment portfolio, providing a predictable stream of income that can offset the risks associated with other investments. In ZIP 16332, the FMR of $1,010 aligns well with the stable nature of the housing market, ensuring that rental properties can generate reliable returns. This ZIP code is ideal for investors who prioritize steady income over high-risk, high-reward opportunities.

To further solidify its role as a cash-flow anchor, ZIP 16332 offers a low poverty rate of 4%, which indicates a relatively stable economic base. While the median household income and average worker earnings are listed as $0, this likely reflects incomplete data rather than actual figures. The presence of a significant renter population and a stable FMR supports the notion that this ZIP code is suitable for generating consistent rental income.

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.