Location: McKean County, PA | Metro: McKean County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The ZIP code 16726 stands out due to its unique demographic and economic characteristics. With only 665 residents, it is one of the smallest communities in the county. Despite its size, 5.8% of the population rents their homes, indicating a niche but present rental market. The median income for residents in ZIP 16726 is $71,750, which suggests a middle-class community that is relatively financially stable compared to some other areas.
The lack of data on median home values means there's limited insight into the overall housing costs, but the Federal Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,010. This figure is crucial for landlords and small-portfolio investors considering the Section 8 program, as it defines the maximum allowable rent for subsidized units. However, the absence of specific market rent data for ZIP 16726 makes it difficult to assess how competitive this FMR figure is locally. Landlords should be aware that while the FMR provides a guideline, local market conditions can vary significantly.
In terms of voucher economics, the $1,010 FMR is the benchmark for determining the rental assistance amount. This figure is based on the average fair market rent for the metropolitan area, which includes ZIP 16726. Given the limited data available, landlords must rely on this FMR to ensure they are not overcharging for Section 8 eligible units. It's important to note that the actual market rent in ZIP 16726 could be lower or higher than the FMR, depending on the specific housing stock and demand.
Based on the available data, ZIP 16726 appears to have a stable economic environment, supported by its median income level. However, the limited information on median home values and market rents leaves room for uncertainty about the stability of the housing market. This data signature reads as "stable," but the lack of comprehensive housing cost data introduces an element of unpredictability, making it somewhat transitional in nature.
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.