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 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 16405, located in Warren County, Pennsylvania, reveals key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1,020 for the fiscal year 2026. However, due to the lack of available market rent data, it's challenging to make a direct comparison. Nonetheless, based on the median home value of $146,064, we can derive a rent-to-price ratio that helps understand the local housing market dynamics.
Voucher tenants in ZIP 16405 will generally cashflow at the HUD FMR rate, though the exact degree depends on the specific unit. The rent-to-price ratio suggests that properties are reasonably priced relative to the rental income they could generate. This ratio indicates that owning a property in this ZIP code could be a stable investment, particularly for those who can manage their expenses efficiently.
The absence of day median DOM (Days on Market) and the percentage of price-cut shares means there isn't enough data to assess how quickly homes sell or the frequency of price reductions. However, given the median home value and the HUD FMR, it's evident that the market supports positive cash flow for landlords with well-managed properties. The strong cash flow potential makes this ZIP code an attractive option for Section 8 investors looking to ensure steady income from their investments.
The strongest investor angle in ZIP 16405 is cashflow. With the HUD FMR aligned closely with the potential rental income and a reasonable rent-to-price ratio, investors can expect consistent financial returns without relying heavily on property appreciation or market stability alone.
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.