Location: Columbia County, PA | Metro: Columbia County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17858 in fiscal year 2024 is set at $1060. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum amount of rental assistance available under the Section 8 program. It is important to note that this is not the rent you will charge your tenants; it is the maximum amount the government will pay towards the rent.
In ZIP 17858, the FMR does not directly reflect the local market rent since the local market rent data is not available. However, the FMR provides a benchmark for landlords participating in the Section 8 program. With an FMR of $1060, landlords can expect the housing authority to cover up to this amount per month for eligible tenants. Any rent above this amount must be paid by the tenant out-of-pocket, and they cannot be charged more than 40% of their income toward the rent portion that exceeds the FMR.
The 0.0% renter share indicates there is no additional renter share data available for ZIP 17858, which typically suggests low demand or limited data on the percentage of income that renters contribute towards their housing costs. This can be interpreted as a cautionary signal for potential landlords, indicating they should conduct thorough research into the local rental market to ensure they are setting competitive and realistic rents.
Regarding acquisition costs, the data is also not available for ZIP 17858. Landlords should consider this when evaluating the potential profitability of a Section 8 property. Without specific acquisition cost data, it's difficult to determine if the property will be a good investment. However, landlords can still make informed decisions by looking at comparable properties in nearby areas and understanding the typical acquisition costs for similar properties.
Before deciding to participate in the Section 8 program with a rental property in ZIP 17858, verify that the rent you set is both fair and competitive in the local market. This will help ensure that your property remains attractive to potential tenants while also being financially viable for you as a landlord. Additionally, familiarize yourself with the specific requirements and regulations of the Section 8 program in your area to avoid any compliance issues.
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.