Location: Warren County, PA | Metro: Warren County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
The Fair Market Rent (FMR) for ZIP code 16369 in Unknown, PA, for fiscal year 2026 is set at $970. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program, also known as the Housing Choice Voucher Program. It's important to note that this does not represent the actual rent you would charge your tenant; rather, it's the maximum amount HUD will pay on behalf of the tenant towards the rent.
In comparison to the local median rent, which is currently listed as N/A, the FMR of $970 can be seen as a benchmark. However, without a specific local median rent, it's challenging to provide an exact comparison. Still, the FMR serves as a guideline for landlords participating in the Section 8 program, ensuring they receive a fair rate for their properties.
The percentage of renters in the area who could potentially benefit from the Section 8 program is also listed as N/A%. This figure indicates the demand for subsidized housing in the area. A higher percentage suggests a larger pool of potential tenants eligible for the vouchers, which can be beneficial for landlords looking to ensure consistent occupancy.
Regarding the acquisition cost of a property in ZIP 16369, the median home value is listed as N/A. This means that without a specific figure, it's difficult to estimate the cost of purchasing a rental property in this area. However, landlords should consider other factors such as property taxes, maintenance costs, and insurance when evaluating the overall investment.
Before deciding to participate in the Section 8 program, it's crucial to verify the condition of your property against HUD's Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for the tenant. Meeting these criteria is mandatory for landlords to qualify for the program and avoid any disqualification due to substandard conditions.
Data Sources: FMR data from HUD (2027).
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.