Location: Williamsport, PA | Metro: Williamsport, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The classification of ZIP code 17762 hinges on its financial metrics, particularly focusing on rental yield and market stability. The Federal Market Rent (FMR) for Section 8 housing in ZIP 17762 for fiscal year 2024 is set at $1190. This figure represents the maximum rent that a landlord can charge for a Section 8 voucher holder. In comparison, the average market rent stands at $775, indicating a significant premium for Section 8 properties. The discrepancy between the FMR and the market rent suggests a high-yield potential for landlords who participate in the Section 8 program.
However, the stability of the market must also be considered. ZIP 17762 has a relatively low percentage of renters at 16.7%, which might imply a less volatile market but could also indicate limited demand for rental units. The median days on market (DOM) for homes is not available, which makes it difficult to assess how quickly properties can be rented out. Lastly, the median household income is $95,625, a robust figure that generally supports higher rental yields.
Given these factors, ZIP 17762 leans towards being a high-yield/medium-stability market. The substantial gap between the FMR and market rent points to lucrative returns for landlords, especially those willing to navigate the complexities of the Section 8 program. However, the low percentage of renters and lack of data on DOM suggest that while there is a strong potential for cash flow, the market may not offer the same level of stability as areas with a higher proportion of renters or faster turnover rates. For small-portfolio investors, this ZIP code presents an opportunity for significant profit, albeit with some caution advised regarding the overall rental market dynamics.
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.