Section 8 Fair Market Rent (FMR) for ZIP 17822 - 2027

Location: Montour County, PA | Metro: Montour County, PA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,000
1 Bedroom	$1,100
2 Bedrooms	$1,440
3 Bedrooms	$1,990
4 Bedrooms	$2,000
5 Bedrooms	$2,320
6 Bedrooms	$2,598
7 Bedrooms	$2,806
8 Bedrooms	$2,946

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 17822 presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate can be significantly higher when comparing the market rent to the $1100 Fair Market Rent (FMR) for fiscal year 2024. This discrepancy can lead to financial instability as landlords may not always be able to find tenants willing to pay the market rate, resulting in a reliance on Section 8 vouchers. Secondly, the vacancy exposure is a concern due to the unknown days on market (DOM), which suggests that properties might remain vacant for an unpredictable amount of time, further impacting cash flow. Additionally, the deferred maintenance exposure is notable given the lack of data on typical home values and median incomes. Without these metrics, it's difficult to assess the ability of residents to maintain homes adequately, leading to potential repair costs.

Tenant Turnover: The difference between market rent and the $1100 FMR can cause frequent changes in tenancy, affecting long-term financial planning.
Vacancy Exposure: Properties could face extended periods of vacancy, especially if the market rent is higher than what voucher holders can afford.
Deferred Maintenance: Unclear financial conditions of residents and property values make it hard to predict the level of upkeep and potential repair expenses.

Despite these risks, the 0.0% renter share statistic indicates a high concentration of renters in the area, which typically correlates with higher demand for housing vouchers. This suggests that there is a strong likelihood of finding tenants who qualify for Section 8 assistance, potentially mitigating some of the risks associated with vacancy and turnover.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.