Section 8 Fair Market Rent (FMR) for ZIP 16354 - 2027

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

Investment Score for ZIP 16354

C
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$118,807
1% Rule
0.85%
Annual Yield
10.2%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$760
1 Bedroom$830
2 Bedrooms$1,010
3 Bedrooms$1,380
4 Bedrooms$1,520
5 Bedrooms$1,763
6 Bedrooms$1,975
7 Bedrooms$2,133
8 Bedrooms$2,240

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,010 $118,807 0.85% C
3BR $1,380 $155,093 0.89% C
4BR $1,520 $190,574 0.8% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
9,989
Median Household Income
$48,963
Housing Units
5,245
Renter Percentage
29.4%
Occupancy Rate
86.0%
Renter Occupied
1,327

The Fair Market Rent (FMR) for ZIP code 16354, Titusville, PA, is set at $970 for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, meaning it's the maximum amount the government will pay towards your tenant's rent. However, it does not mean you can charge $970; rather, it's the ceiling for government reimbursement.

In comparison, the average rent in Titusville, based on Census American Community Survey data, is $688. This suggests that the FMR is higher than the typical market rate, which could be beneficial for landlords who wish to participate in the Section 8 program. It means you might receive a slightly better reimbursement than the local average rent, potentially offsetting some of the costs associated with maintaining a rental property.

Titusville has a 29.4% share of renters in its population, indicating a decent demand for rental properties. While this percentage isn't exceptionally high, it does suggest that there is a reasonable number of potential tenants who might benefit from the Section 8 program. The median household income in Titusville is around $112,953, which gives you an idea of the economic context. This income level implies that the typical household can afford higher rents, but those relying on Section 8 vouchers likely have lower incomes.

Before deciding to take on your first Section 8 rental, it's crucial to verify that your property meets all the required standards. The government sets specific criteria for housing quality, including safety, health, and habitability. Ensure your property complies with these standards to avoid any issues that could delay or prevent your participation in the program.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.