Section 8 Fair Market Rent (FMR) for ZIP 17054 - 2027

Location: Mifflin County, PA | Metro: Mifflin County, PA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,000
1 Bedroom	$1,010
2 Bedrooms	$1,240
3 Bedrooms	$1,620
4 Bedrooms	$1,630
5 Bedrooms	$1,891
6 Bedrooms	$2,118
7 Bedrooms	$2,287
8 Bedrooms	$2,401

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

286

Median Household Income

$78,523

Housing Units

Renter Percentage

42.5%

Occupancy Rate

86.9%

Renter Occupied

The analysis for ZIP code 17054 reveals a significant gap between the Fair Market Rent (FMR) set at $1,060 for fiscal year 2026 and the actual market rent reported at $886 based on Census ACS data. This gap amounts to $174, or approximately 19%, indicating that the FMR is higher than the current market rent.

This scenario presents an opportunity for landlords and small-portfolio investors as it suggests that properties in ZIP 17054 can attract Section 8 voucher tenants without necessarily reducing rental income to market levels. The higher FMR allows these tenants to secure housing at rates above what the open market currently offers, making it a yield play. Landlords can charge rents closer to the FMR, thus benefiting from a higher income stream compared to non-voucher tenants who would pay the lower market rate.

In ZIP 17054, 42.5% of residents are renters, with a median household income of $78,523. While there is no available data for the median home value, the high percentage of renters and the income level indicate a strong demand for affordable housing options. Section 8 vouchers can fulfill this demand while providing landlords with a stable and predictable income source.

However, it's crucial to note that the cost of housing voucher tenants below open-market rates is not an issue here since the FMR exceeds the market rent. Instead, the challenge might lie in the administrative aspects of managing Section 8 properties, such as compliance with HUD standards and the potential for longer vacancy periods due to the voucher application process.

Landlords should consider the following:

Higher Rental Income: With FMR exceeding market rent, landlords can potentially earn more per unit when renting to voucher holders.
Stable Tenants: Section 8 tenants often have a more stable financial situation, which can lead to fewer evictions and more consistent rent payments.
Administrative Compliance: Ensuring adherence to HUD regulations is essential for maintaining eligibility and avoiding penalties.

Given the 19% premium that the FMR provides over the market rent, investing in properties that cater to Section 8 voucher holders in ZIP 17054 could be a lucrative strategy for landlords and small-portfolio investors, especially considering the strong rental market presence and the median income levels that support a healthy tenant pool.

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.