Location: Clinton County, PA | Metro: Williamsport, PA MSA
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 | $770 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $186,224 | 0.59% | F |
| 3BR | $1,450 | $227,500 | 0.64% | D |
| 4BR | $1,640 | $261,306 | 0.63% | D |
| 5BR | $1,902 | $315,393 | 0.6% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 17740, located in Jersey Shore, PA, suggests a balanced market with moderate pricing power for the next 12-24 months. The median home value stands at $214,470, indicating that the area remains relatively affordable compared to other parts of Pennsylvania. A key metric showing the market's stability is the fact that only 0.3% of listings have been reduced, which points to a sellers' market where homes are generally priced correctly and sell at or near asking price.
The median days on market (DOM) being listed as N/A can be interpreted as an indication that homes are selling quickly, often before a comprehensive DOM figure can be established. This rapid turnover supports the idea that there is strong demand for properties in this area, further reinforcing the notion that pricing power is favorable for sellers.
On the rental side, the Federal Market Rent (FMR) for ZIP 17740 in fiscal year 2024 is set at $990, while the current market rent based on Census ACS data is approximately $863. This gap between FMR and actual market rents signals potential upside for landlords, as the government's benchmark for fair market value is higher than what is currently being achieved. Landlords can expect gradual increases in rental rates as the market aligns with the FMR over time.
For long-hold investors, the appreciation thesis in ZIP 17740 is grounded in the area's stable economic conditions and steady population growth, which underpin the demand for both rentals and home purchases. However, the realistic expectation is for modest appreciation rather than explosive growth, given the already low median home value and the limited number of price reductions seen in the market. Investors should focus on the consistent cash flow from rentals and the gradual increase in property values over time.
In summary, the current metrics point towards a market where pricing power is firmly in favor of sellers and landlords. Rapid sales and minimal price adjustments indicate a robust local economy and a healthy demand for housing. Long-term investors can look forward to steady, if not spectacular, gains in property value, complemented by a growing rental income stream as market rents approach the FMR levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.