Location: Tioga County, PA | Metro: Williamsport, PA MSA
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 | $900 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $197,686 | 0.55% | F |
| 3BR | $1,430 | $262,510 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 16938 in Morris, PA, for fiscal year 2024 is set at $950. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that a landlord can receive from the government for renting a unit to a qualified tenant. It's important to note that this does not mean you will charge your tenants $950; it's the ceiling for the government subsidy.
In comparison, the average rent for the area is $858 according to recent Census American Community Survey (ACS) data. This suggests that the FMR is slightly higher than the typical market rate, potentially offering a modest advantage to landlords participating in the Section 8 program.
Morris, PA has a renter share of 14.7%, indicating that nearly one out of every seven households in the area are renters. This percentage shows there is a steady demand for rental properties, making it a viable market for new Section 8 rentals. However, it also implies that competition among landlords for tenants might be relatively low compared to densely populated urban areas.
The median home value in Morris, PA is around $233,314. For potential investors looking to acquire a property for their first Section 8 rental, this figure provides a benchmark for the cost of entry into the market. While the median home value is not directly related to rental property costs, it often correlates with the overall real estate prices in an area.
Before committing to a Section 8 rental property, ensure that the property meets all the required standards set by the housing authority. These standards cover safety, health, and habitability aspects, ensuring that the property is suitable for tenants and eligible for the program. Failure to meet these standards can result in rejection of the rental application by the housing authority.
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.