Section 8 Fair Market Rent (FMR) for ZIP 16849 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 16849, located in Venango County, Pennsylvania, is a rural area with a strong focus on residential living. This region is characterized by its low population density and limited commercial activity, which directly influences the local real estate market dynamics.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $980. This figure represents the government's benchmark for determining rental assistance under the Housing Choice Voucher program, commonly known as Section 8.
• The market rent data is currently unavailable (N/A). This lack of information suggests that there might be minimal demand for rental properties in the area, or that the data collection process has not been robust enough to provide reliable insights.
• The median home value in ZIP 16849 is also listed as N/A. This indicates that there may be insufficient data points to calculate a median, possibly due to the low number of transactions or homes for sale in the area.
• Rental properties make up only 0.0% of the housing stock in this ZIP code, indicating that homeownership is the dominant form of housing tenure. This statistic implies that the potential for rental income is extremely limited.
• The days on market (DOM) for properties in this area is listed as N/A, suggesting that there may be very few listings or that the real estate market is relatively inactive.
• The median household income for the area is listed as N/A, which means there isn't enough data to determine the financial stability of the residents in this ZIP code. However, given the rural nature of the area, it is likely that incomes are modest compared to urban centers.

For investors considering the ZIP code 16849, the data suggests a highly challenging environment for generating rental income. The absence of key metrics such as market rent and median home value indicates a market that is either too small or too infrequently active to provide substantial investment opportunities. The reliance on homeownership and the low percentage of renters suggest that any investment strategy should focus on sales rather than rentals, although even this avenue may face hurdles due to the limited economic activity and potentially lower household incomes in the 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.