Section 8 Fair Market Rent (FMR) for ZIP 17063 - 2027

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

Investment Score for ZIP 17063

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$171,760

1% Rule

0.59%

Annual Yield

7.06%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,340
4 Bedrooms	$1,410
5 Bedrooms	$1,636
6 Bedrooms	$1,832
7 Bedrooms	$1,979
8 Bedrooms	$2,078

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,010	$171,760	0.59%	F
3BR	$1,340	$213,612	0.63%	D
4BR	$1,410	$245,310	0.57%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,177

Median Household Income

$75,444

Housing Units

1,619

Renter Percentage

13.9%

Occupancy Rate

71.6%

Renter Occupied

161

Milroy, PA, located in ZIP code 17063, is a small town situated in the heart of Pennsylvania. Known for its quiet charm and close-knit community, Milroy offers a unique opportunity for real estate investors interested in the rental market. This analysis provides insights into the current market conditions and future prospects based on key economic indicators.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $970, indicating a steady demand for affordable housing options.
The average market rent for properties in Milroy, as per the latest Census American Community Survey (ACS), stands at $802, reflecting a slightly lower actual rent compared to the FMR.
The median home value in Milroy is $192,321, which is relatively modest and suggests that the area is accessible for first-time homebuyers and investors alike.
Renters make up 13.9% of the population, showing a smaller but still significant portion of residents who prefer leasing over owning.
The median income in the area is $75,444, providing a stable economic base for both homeowners and renters.

The combination of a modest median home value and a fair market rent that is slightly higher than the current market rent indicates potential for rental properties to attract tenants seeking affordable living options. The lower renter share suggests that there may be room for growth in the rental sector, as the majority of residents own their homes. However, the stable median income supports the viability of the rental market, ensuring that tenants can afford the rents. For landlords and small-portfolio investors, Milroy presents a balanced market with opportunities for both property appreciation and steady rental income.

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.