Location: Fulton County, PA | Metro: Fulton County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 16691 in the PA metro area reveals several key points that landlords and small-portfolio investors should consider before investing.
Firstly, the rent math does not work favorably. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. However, the market rent for ZIP 16691 is listed as N/A, indicating a lack of recent data. Without accurate market rent figures, it's challenging to determine if the rental income will cover the expenses associated with property ownership, including mortgage payments, maintenance, and property taxes.
Secondly, the acquisition cost is relatively low, with a median home value of $175,263. This suggests that purchasing properties in this ZIP code could be financially feasible for investors looking to enter the market without significant capital outlay. The N/A days on market (DOM) and N/A percentage of homes that experienced price cuts indicate incomplete data, which means we cannot accurately assess the current market conditions for home sales in this area.
Lastly, the tenant demand in ZIP 16691 is limited. With a total population of 325 and only a 2.6% share of renters, finding tenants willing to pay the FMR may prove difficult. The small number of potential renters makes it challenging to sustain a rental business model in this area.
Verdict: Investing in ZIP code 16691 presents a mixed picture. While the median home value is low, making acquisitions potentially affordable, the lack of up-to-date market rent data and the low renter share suggest that achieving profitable rental operations might be unfeasible. Landlords and investors should proceed with caution, focusing on areas where market rents are well-documented and tenant demand is higher.
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.