Location: Mifflin County, PA | Metro: Huntingdon 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 | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $232,457 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 17002 stands out due to its unique demographic and economic characteristics. With a population of just 451 residents, it has a relatively low percentage of renters at 21.4%, indicating that homeownership is more prevalent. The median income in this area is $69,750, which suggests a middle-class community. The median home value of $228,452 further supports this notion, showing that homes in this ZIP are moderately priced.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This is notably higher than the current market rent, which is estimated at $775 based on Census ACS data. This discrepancy means that landlords in ZIP 17002 can potentially receive higher rental payments through Section 8 vouchers compared to the typical market rates. However, the number of voucher holders may be limited due to the small size of the rental market.
The data signature for ZIP 17002 reads as stable. The relatively high FMR compared to market rents could attract some tenants seeking affordable housing options, but the overall low number of renters suggests that the demand for Section 8 properties may remain steady rather than growing rapidly. Landlords should consider the potential benefits of accepting Section 8 vouchers, such as guaranteed rental income, while also being aware of the challenges that might come with it, including stricter regulations and the possibility of slower turnover rates.
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.