Location: Tioga County, PA | Metro: Potter County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 16922 stands out within its county due to its unique demographic and economic characteristics. With a population of 1,575 residents, it has a rental rate of 22.0%, indicating a moderate demand for rental properties. The median income in this area is $67,063, which is relatively stable and suggests that residents have a reasonable purchasing power. However, the median home value at $138,001 is notably higher, reflecting the overall cost of homeownership in the region.
When it comes to Section 8 housing vouchers, the data reveals an interesting discrepancy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070, while the current market rent, according to the Census ACS, is $933. This indicates that landlords accepting Section 8 vouchers can potentially charge a rent that is above the current market average, making it a favorable option for those looking to maximize their rental income without setting unrealistic rates.
Given these figures, the ZIP code 16922 appears to be in a stable phase. The relatively high median income supports a steady demand for both rental and homeownership options, and the higher median home value suggests that property values are holding firm. The slight gap between the FMR and the actual market rent also points towards a balanced market where landlords can benefit from Section 8 vouchers without significantly overpricing their units.
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.