Location: Tioga County, PA | Metro: Tioga County, PA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $277,761 | 0.47% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 16932 are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment is set at $1,030 per month for fiscal year 2026. This figure is specific to this ZIP code, meaning it's tailored to reflect local rental conditions more accurately than a broader metro or county-level rate.
Local market rents in ZIP 16932 are currently unavailable, which makes direct comparisons challenging. However, understanding the SAFMR is crucial for landlords. When a tenant uses a Section 8 voucher, they are responsible for paying 30% of their adjusted income toward rent. The housing authority then covers the difference between the tenant's contribution and the SAFMR, up to the limit of $1,030 for a two-bedroom unit in this case.
To illustrate, if a tenant's monthly adjusted income is $1,500, they would pay 30%, or $450, toward rent. The housing authority would then pay the remaining $580 to reach the SAFMR of $1,030. If the tenant's income is lower, say $1,000, their contribution would be $300, and the authority would cover $730. Utility allowances can also factor into the payment structure, but these are typically modest and do not significantly alter the total reimbursement amount.
The reimbursement gap or surplus depends on your property's actual market value compared to the SAFMR. If you charge exactly $1,030 for a two-bedroom unit, you will receive the full SAFMR amount, assuming the tenant's voucher is approved and their contribution is sufficient. However, if your rent is higher than the SAFMR, the tenant must make up the difference out of pocket, or you might need to adjust your rates to stay within the voucher limits.
In ZIP 16932, given the SAFMR of $1,030, landlords should ensure their rents do not exceed this amount to avoid financial shortfalls. If local market rents were available and higher than the SAFMR, there would be a reimbursement gap, where landlords would receive less than the market rate. Conversely, if market rents are below $1,030, landlords could potentially benefit from a surplus, receiving more than they would in a competitive market without the voucher program.
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.