Location: Mifflin County, PA | Metro: Mifflin 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 | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $183,098 | 0.56% | F |
| 3BR | $1,350 | $247,029 | 0.55% | F |
| 4BR | $1,350 | $338,658 | 0.4% | F |
U.S. Census Bureau data (2024)
ZIP code 17084, located in Reedsville, PA within Mifflin County, presents an interesting comparison when juxtaposed against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 17084 is set at $970 for fiscal year 2026, which is slightly above the market rent of $940. This indicates that the rental prices in Reedsville are marginally higher than what the market would naturally dictate, potentially due to a higher demand for rental properties.
The median home value in ZIP 17084 stands at $239,951, which is a significant figure but requires context to determine if it represents a value pocket, mid-tier neighborhood, or a premium sub-market. To make this determination, we must look at the overall trend of home values within Mifflin County. If the typical home value in Mifflin County is lower, then ZIP 17084 could be considered a mid-tier neighborhood. Conversely, if the home values in the surrounding ZIP codes are notably higher, then 17084 might be seen as a value pocket where homes are more affordable relative to other areas.
A key indicator for Section 8 real estate analysis is the renter share, which in ZIP 17084 is 21.6%. This percentage is important because it suggests a notable portion of the population relies on rental housing. When combined with the FMR being slightly above the market rent, it points towards a potential sweet spot for Section 8 investments. High renter share coupled with below-metro home values often signifies a location where government-subsidized housing programs can thrive, providing stable income streams for landlords and small-portfolio investors.
In conclusion, ZIP 17084 appears to be a mid-tier neighborhood within Mifflin County, with rental prices marginally above market rates and home values that suggest affordability compared to the broader county average. The 21.6% renter share, in conjunction with these factors, positions Reedsville as a promising area for Section 8 investments, offering a balance between accessibility and potential profitability.
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.