Section 8 Fair Market Rent (FMR) for ZIP 16512 - 2027

FY 2027 Fair Market Rent Rates

980 dollars is the Fair Market Rent (FMR) for ZIP code 16512 in Pennsylvania for fiscal year 2024. This figure represents the maximum amount landlords can charge for a two-bedroom apartment under the Section 8 program. However, the market rent for the area is currently unknown, making it difficult to assess the immediate profitability gap between market rates and Section 8 rates. The median home value is also not available, which means investors cannot easily compare the potential returns on rental properties versus purchasing homes in the area. Furthermore, the percentage of renters in the community is unknown, indicating a lack of clarity on the demand for rental housing. The median income for the area remains unspecified, which is crucial for understanding the financial capabilities of potential tenants. The average days on market (DOM) for properties is also unknown, suggesting an unclear trend regarding how quickly rental units are being filled. Lastly, the percentage of listings that have had their prices cut is not provided, leaving a gap in understanding the competitive landscape of property pricing. Given the limited data, particularly the absence of key figures such as market rent, median home value, and median income, landlords and small-portfolio investors must proceed with caution when considering Section 8 participation in ZIP 16512. Without these critical metrics, it's challenging to determine if the $980 FMR aligns closely enough with market conditions to ensure a steady stream of qualified tenants and reasonable profitability. Verdict: Insufficient data to confidently recommend Section 8 participation in ZIP 16512.

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.