Location: McKean County, PA | Metro: McKean County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 16725 is characterized by a relatively small population of 147 individuals, with 32.1% being renters. This suggests that while there is a significant portion of the population who rent, it is not a densely populated area, which may limit the overall number of potential Section 8 tenants. The median household income in this ZIP code is $83,750, indicating a middle-class demographic.
Market rent figures are not available for this specific ZIP code, making direct comparisons challenging. However, the Fair Market Rent (FMR) for the area is set at $990 per month for fiscal year 2026, according to metro standards. Given the median income, we can estimate the financial impact of renting on the local populace. If we assume that typical market rents align closely with the FMR, then a rent of $990 would consume approximately 14% of the median monthly income ($83,750 annual income divided by 12 months).
This percentage suggests that renting is generally affordable for the average household in ZIP 16725. Landlords in this area should expect tenants who rely on Section 8 vouchers to have a limited budget for housing, as the vouchers are typically tied to the FMR. With an FMR of $990, voucher holders will be looking for properties that fall within this price range, which represents about 14% of the median household's monthly income.
To conclude, while the percentage of renters is notable at 32.1%, the low population density means that the total number of Section 8 tenants will be limited. Landlords should prepare for tenants who require properties priced around the FMR of $990 per month, which is a reasonable amount given the local median income. These tenants will likely be focused on finding affordable housing options that meet their voucher requirements.
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.