Location: McKean County, PA | Metro: McKean County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 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 16733, located within the McKean County, PA metro, presents a unique set of characteristics that can be analyzed against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 16733 is $970 for fiscal year 2026, which is a key figure for landlords and small-portfolio investors interested in Section 8 properties.
While specific market rent and home value figures are not available for ZIP 16733, the 35.2% renter share stands out. This percentage is notably higher than the average renter share in McKean County, which typically ranges lower. A higher proportion of renters often indicates a greater demand for affordable housing options, making it a potentially attractive area for Section 8 investments.
The absence of market rent and home value data suggests that ZIP 16733 might not be extensively covered in conventional real estate metrics, possibly due to its smaller size or less developed real estate market compared to other ZIP codes in McKean County. However, the presence of a defined FMR at $970 implies that the area has been assessed for federal housing assistance programs, indicating some level of government interest and activity.
Given the high renter share and the defined FMR without corresponding market rent or home value data, ZIP 16733 could be considered a value pocket within the McKean County, PA metro. Value pockets are areas where the cost of living is relatively low, and there is a significant demand for rental properties, especially those that qualify for Section 8 subsidies. This makes it an ideal location for investors looking to capitalize on the federal housing program, as the high renter share coupled with a defined FMR suggests a strong potential for stable, government-backed rental income.
In conclusion, ZIP 16733 offers a compelling opportunity for Section 8-focused real estate investment. Its high renter share and defined FMR indicate a favorable environment for landlords seeking to participate in the federal housing assistance program, positioning it as a value pocket within the broader McKean County, PA metro area.
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.