Section 8 Fair Market Rent (FMR) for ZIP 16921 - 2027

Investment Score for ZIP 16921

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor considering the ZIP code 16921 (Gaines, PA) might raise several concerns regarding the feasibility of investing in rental properties here. Let's address these objections with the available data.

• Will FMR $1,040 (metro FY 2026) cover the mortgage on a $191,792 home?: Using the average mortgage rate data from various sources, the estimated monthly mortgage payment for a $191,792 home in Gaines, PA, with a typical 30-year fixed-rate mortgage, would be around $750-$800. This figure includes principal and interest but excludes additional costs such as property taxes, insurance, and maintenance. Given the Fair Market Rent (FMR) of $1,040, the rent should comfortably cover the mortgage payment and allow for a profit margin. However, the exact rate would depend on the current interest rates and the down payment made.
• Is there enough renter demand at 13.2%?: The 13.2% rental rate in Gaines, PA, suggests that there is a moderate level of demand for rental properties. While this percentage is lower compared to densely populated urban areas, it still indicates a viable market. With the median household income in the area being relatively stable, there is likely sufficient demand to fill rental units. However, the data does not provide a complete picture of the rental market dynamics, such as vacancy rates or competition from other types of housing.
• Will vouchers keep pace with $967 market rents?: The average market rent of $967 in Gaines, PA, is slightly below the FMR of $1,040. While vouchers can help cover the gap between market rents and what low-income tenants can afford, it's crucial to consider whether the voucher amounts will increase to match rising market rents. According to the latest data, the voucher program aims to ensure affordability, but the specific figures for Gaines, PA, are not readily available. Landlords should monitor both local and federal adjustments to voucher amounts to ensure they remain competitive and financially viable.

The data provides a general overview of the potential financial viability of investing in Gaines, PA. However, for a more precise analysis, investors should consult local real estate agents and financial advisors to understand the specific conditions and trends in the area.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.