Section 8 Fair Market Rent (FMR) for ZIP 17005 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,040
1 Bedroom	$1,140
2 Bedrooms	$1,420
3 Bedrooms	$1,830
4 Bedrooms	$1,870
5 Bedrooms	$2,169
6 Bedrooms	$2,429
7 Bedrooms	$2,623
8 Bedrooms	$2,754

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 17005 can serve as a diversifier within a Section 8 portfolio strategy. The median income in ZIP 17005 is $61,429, which indicates a moderate economic environment suitable for a mix of investment types. With a 7.5% renter share, there is a reasonable demand for rental properties, making it a viable option for landlords and small-portfolio investors looking to diversify their holdings.

The Fair Market Rent (FMR) for ZIP 17005 in fiscal year 2024 is set at $1110, aligning closely with the needs of low-income families who often rely on Section 8 vouchers. This figure suggests that properties priced around this amount could attract tenants who are able to cover a significant portion of the rent through their voucher, ensuring steady cash flow.

While specific metrics for appreciation such as days on market (DOM) or price-cut share are not available, the median home value in ZIP 17005 is $144,100, which is relatively low compared to the national average. This makes it an attractive area for first-time homebuyers and investors seeking affordable entry points. The rental market shows typical rates of $750-$999 per month for 2-bedroom units, indicating a stable rental environment with potential for modest growth over time.

A diversifier in a Section 8 portfolio strategy means that ZIP 17005 offers a balance between cash flow and appreciation potential without being overly dependent on either. The combination of a manageable median income and a reasonable FMR makes it a safe bet for investors looking to spread their risk across different economic conditions and property values.

To summarize, ZIP 17005 should be considered a diversifier within a Section 8 portfolio due to its median income and renter share, alongside the set FMR. This strategic placement allows for a balanced approach to real estate investing, providing both rental stability and potential for modest capital appreciation.

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.