Location: Warren County, PA | Metro: Warren County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP code 16416 centers around the discrepancy between the Fair Market Rent (FMR) and the actual market rent. As of the fiscal year 2026, the FMR stands at $1,010, while the current market rent remains unreported. This lack of data makes it challenging to provide a precise percentage gap, but we can still draw conclusions based on the available information.
In ZIP 16416, only 0.0% of residents are classified as renters, indicating that homeownership is predominant in this area. The median home value is not specified, but the median household income is $75,093. Given these circumstances, landlords and small-portfolio investors must consider the implications of accepting Section 8 tenants, who rely on housing vouchers to cover their rent.
If the FMR exceeds the market rent, which is currently unknown, properties participating in the Section 8 program could potentially offer higher yields compared to the open market. This scenario would benefit landlords willing to accept voucher tenants, as they would receive a guaranteed income stream that surpasses typical rental rates in the area.
However, if the FMR is below the market rent, landlords might face financial challenges due to the lower reimbursement rates offered by the Section 8 program. Accepting voucher tenants would mean setting rents at or below $1,010, which could result in less revenue than what the market could bear. In such a case, landlords need to weigh the benefits of stable, government-backed payments against the potential loss of income from renting at below-market rates.
To make an informed decision, landlords should consider the broader economic context of ZIP 16416. With a median income of $75,093, the area suggests a level of financial stability among its residents. However, the absence of rental data complicates the picture, making it essential to seek out additional local market insights to determine the exact gap between FMR and market rent.
Landlords and investors should also be aware that the acceptance of Section 8 tenants comes with regulatory compliance and administrative overhead. These factors, combined with the financial considerations outlined above, will influence whether participating in the program represents a viable strategy for achieving investment goals in ZIP 16416.
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.