Location: Williamsport, PA | Metro: Williamsport, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
28.6% of residents in ZIP code 17763 are renters, indicating a significant portion of the population that could benefit from affordable housing options. The Fair Market Rent (FMR) for Section 8 in this area stands at $1150, which is notably higher than the reported market rent of $1,073 according to the Census ACS. This discrepancy suggests that landlords participating in the Section 8 program can expect to receive slightly more than the average market rent, potentially providing a stable income stream.
$57,083 is the median income for the area, which is important for understanding the financial capacity of potential tenants. Given the relatively high FMR compared to the median income, it's clear that many residents would find it challenging to afford market-rate rents without assistance. This makes the Section 8 program particularly attractive for landlords who wish to cater to a segment of the population that might otherwise struggle to secure housing.
N/A median home value indicates that there isn't a significant amount of homeownership data available for this ZIP code, possibly due to a higher concentration of rental properties. Similarly, the lack of data on days on market (DOM) and the percentage of price-cut share suggests that the real estate market here is heavily skewed towards rentals rather than sales. This environment is conducive to landlords looking for long-term investments in rental properties.
In conclusion, ZIP 17763 presents an opportunity for landlords interested in the Section 8 program, where they can offer stable housing to low-income families while receiving a rent that is above the local market rate. The verdict for Section 8 participation in this area is positive, given the high percentage of renters and the favorable comparison between FMR and market rent.
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.