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)
ZIP code 16732, located in McKean County, Pennsylvania, is an ideal diversifier within a Section 8 portfolio strategy. The median income of $73,393 suggests a stable economic base that supports housing demand, but the lack of recent market data indicates a potentially stagnant real estate environment. Given the $990 Fair Market Rent (FMR) for the metro area in fiscal year 2026, there is a clear need for affordable housing options.
The low median home value of $56,500, as reported on UnitedStatesZipCodes.org, makes it challenging to rely solely on appreciation potential in this area. However, the 8.3% renter share provides a consistent rental market that aligns well with the Section 8 program. Landlords and small-portfolio investors should focus on properties that meet the FMR criteria to ensure steady cash flow.
A strategy for this ZIP code would involve acquiring properties that are priced below the median home value to maximize rental income potential. These properties should be in good condition to avoid costly repairs and to comply with Section 8 requirements. While appreciation may not be the primary driver, maintaining a diversified portfolio with a mix of income-generating assets will help stabilize overall returns.
To implement this strategy effectively, investors should consider the following:
Focus on rental properties that are already priced below the median home value to secure tenants quickly.
Ensure compliance with Section 8 standards to avoid disqualification and maintain eligibility for rental assistance payments.
Monitor local rental market trends to adjust pricing and property management practices accordingly.
Investing in ZIP 16732 offers a reliable anchor for cash flow within a broader real estate investment portfolio, given the stable tenant base and the alignment with Section 8 FMR guidelines.
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.