Section 8 Fair Market Rent (FMR) for ZIP 16940 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$820
2 Bedrooms	$1,060
3 Bedrooms	$1,340
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 16940, located in Venango County, Pennsylvania, encompasses a rural area with a strong emphasis on residential living. This region is characterized by its low population density and limited commercial activity, making it particularly appealing for those seeking a tranquil environment. The housing market here is primarily composed of owner-occupied homes, with very few rental properties available.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,060.
The median home value in the area is currently not available, indicating that the majority of homes are owner-occupied rather than being listed for sale frequently.
Renter share stands at 0.0%, highlighting the dominance of homeownership over renting in this ZIP code.
The typical days on market (DOM) for properties is not applicable, which suggests that the housing market is relatively stable with fewer transactions.
The median household income is not available, but given the rural nature of the area, it likely reflects modest economic conditions typical of such regions.

For investors considering the ZIP code 16940, the data points to a challenging market. With a nearly non-existent rental market and a lack of recent sales data, opportunities for rental investments are scarce. However, the area's tranquility and the potential for long-term appreciation in home values might appeal to those looking for a low-risk, owner-occupied property strategy. The FMR figure provides a benchmark for understanding the local rental economy, though it indicates that rental returns would be modest compared to other areas. Overall, the ZIP code presents a niche investment opportunity best suited for patient investors focused on owner-occupied homes rather than rental properties.

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.