Location: Potter County, PA | Metro: Clinton County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The median income in ZIP code 17729 stands at $48,333, which places significant constraints on the financial capabilities of potential renters. The market rate for rent, according to Census ACS data, is $817 per month. This figure represents a substantial portion of the average household's monthly income, making it challenging for residents to find affordable housing options without assistance.
In comparison, the Fair Market Rent (FMR) set for metro areas in fiscal year 2026 is $990, which is notably higher than the current market rate. This discrepancy highlights a critical issue: even with the assistance of vouchers, the cost of housing in ZIP 17729 remains relatively high compared to the median income level. It suggests that while vouchers can help cover the rent, they might not fully alleviate the financial burden on households.
With only 5.1% of the 156 population being renters, competition among landlords is likely to be fierce. Landlords must carefully consider their pricing strategies to attract tenants in a market where the number of available units could exceed the demand from the local renting population. The affordability gap, combined with the low percentage of renters, means that landlords who rely solely on cash-paying tenants may struggle to fill vacancies.
The takeaway for landlords is clear: focusing on voucher programs can provide a more stable source of rental income. While the market rate is lower than the FMR, the presence of vouchers can make the difference between finding a tenant or leaving a unit vacant. Landlords should evaluate the benefits of accepting vouchers, including the potential for increased occupancy rates and steady income, against the administrative complexities of participating in such programs.
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.