Section 8 Fair Market Rent (FMR) for ZIP 16928 - 2027

Location: Tioga County, PA | Metro: Tioga County, PA

Investment Score for ZIP 16928

Monthly Rent (2BR)

$1,030

Median Price (2BR)

$169,188

1% Rule

0.61%

Annual Yield

7.31%

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

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$800
2 Bedrooms	$1,030
3 Bedrooms	$1,300
4 Bedrooms	$1,360
5 Bedrooms	$1,578
6 Bedrooms	$1,767
7 Bedrooms	$1,908
8 Bedrooms	$2,003

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,030	$169,188	0.61%	D
3BR	$1,300	$183,771	0.71%	D
4BR	$1,360	$195,951	0.69%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,476

Median Household Income

$69,155

Housing Units

665

Renter Percentage

26.7%

Occupancy Rate

85.6%

Renter Occupied

152

Knoxville, Pennsylvania, located in ZIP code 16928, is a small town situated in Elk County. The local economy is influenced by agriculture and manufacturing, providing a stable environment for real estate investment. This analysis will explore key metrics that can help landlords and small-portfolio investors make informed decisions about investing in Knoxville.

The Fair Market Rent (FMR) for the Knoxville metro area for fiscal year 2026 is set at $970. This figure represents the maximum amount that HUD will pay for rental units under the Section 8 program, indicating a baseline for affordable housing rates.
The average market rent in Knoxville, according to the Census Bureau's American Community Survey (ACS), is $1,014. This suggests that rents slightly exceed the FMR, offering a modest premium for landlords willing to manage Section 8 tenants.
The median home value in Knoxville stands at $184,431. This relatively low figure points to a market where homeownership is accessible, but also where rental properties could be acquired at competitive prices.
Renters constitute 26.7% of the housing market in Knoxville. While this percentage is lower than in many urban areas, it still indicates a significant portion of the population relying on rentals, making it a viable investment opportunity.
The median income in Knoxville is $69,155. This economic indicator provides insight into the financial capacity of potential renters, suggesting that there is a steady income base to support rental payments.
Note that the days on market (DOM) for rental listings is currently listed as N/A, which may indicate a lack of recent data or a limited number of transactions in the area. However, the other metrics provide a comprehensive overview of the Knoxville rental market.

Synthesizing these points, Knoxville presents a balanced market for real estate investment. With a median home value below the national average and a modest premium on market rents over FMR, there is potential for acquiring rental properties at favorable prices. The median income supports the ability of residents to meet rental obligations, while the renter share, though not exceptionally high, still offers a solid tenant pool. Landlords should be aware of the specific requirements and limitations of the Section 8 program when considering investment opportunities in this area.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.