Location: Bedford County, PA | Metro: Bedford County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The analysis for ZIP code 16667 reveals a significant opportunity for landlords and small-portfolio investors interested in the Section 8 program. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,180, while the current market rent, according to Census ACS data, stands at $817. This means there is a gap of $363, or approximately 44%, between what the government will pay and the actual rent charged in the open market.
This discrepancy makes ZIP 16667 a prime location for a yield play through Section 8 participation. Voucher tenants provide a guaranteed, stable source of income that is pegged higher than the local market rate. Given that only 15.0% of residents are renters, the demand for rental properties is relatively low, making it advantageous to have a steady stream of tenants who are backed by government subsidies.
The median home value in ZIP 16667 is $219,570, indicating a moderate level of wealth in the area. However, the median income of $74,167 suggests that many residents may still find it challenging to afford housing without assistance. Therefore, the presence of Section 8 vouchers helps bridge this affordability gap, ensuring that rental properties remain occupied even in a market where owner-occupied homes are more prevalent.
Landlords should be aware that accepting Section 8 tenants can come with administrative costs and certain operational challenges. Yet, the financial benefits outweigh these drawbacks, especially when considering the substantial difference between FMR and market rent. By participating in the Section 8 program, landlords can secure a reliable income stream above current market rates, which is particularly beneficial given the local rental dynamics.
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.