Section 8 Fair Market Rent (FMR) for ZIP 17337 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,040
1 Bedroom	$1,060
2 Bedrooms	$1,350
3 Bedrooms	$1,820
4 Bedrooms	$1,950
5 Bedrooms	$2,262
6 Bedrooms	$2,533
7 Bedrooms	$2,736
8 Bedrooms	$2,873

The analysis for ZIP 17337 (Idaville, PA) reveals limited demographic data, indicating that the ZIP code is primarily classified as a PO Box rather than a residential area. This classification suggests that there is incomplete population data, making it difficult to determine the median income and market rate for the area. However, we know the Fair Market Rent (FMR) for ZIP 17337 in fiscal year 2024 is set at $1230.

Given the lack of specific data on median income and market rate, it's challenging to definitively state whether a household in ZIP 17337 can afford the current market rate. Typically, if the median income is below the average market rate, households would struggle to pay market rates without financial assistance.

The FMR of $1230 serves as a benchmark for housing voucher payments. Landlords who accept these vouchers can expect a steady stream of tenants but will be limited to the FMR cap. For those targeting cash-paying tenants, understanding the local economic conditions is essential. If the median income is indeed low, the competition for cash-paying tenants could be fierce, as fewer individuals may have the means to pay above the FMR.

The takeaway for landlords is that accepting voucher payments at the $1230 FMR level provides a stable income and reduces the risk of vacancy. However, pursuing cash-paying tenants requires careful consideration of the local economic environment and the willingness of residents to pay higher rents. Landlords should balance the reliability of voucher payments against the potential for higher rental income from cash-paying tenants, keeping in mind the overall economic climate and the affordability gap in ZIP 17337.

Data Sources: FMR data from HUD (2027).

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.