Location: Snyder County, PA | Metro: Snyder County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 17862 represents a small, tight-knit community with a total population of just 530 residents. This area has a significant portion of its population renting, with 37.9% of residents classified as tenants. The median household income in this ZIP code stands at $52,868, indicating a middle-class neighborhood where many families could benefit from affordable housing solutions.
The Federal Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $1,180. While specific market rent figures are not available for ZIP 17862, the FMR provides a benchmark for rental prices in the region. Given the limited data on local market rents, it's prudent to assume that the actual rents might be close to the FMR, especially considering the high percentage of renters in the area.
For Section 8 investors, this ZIP code presents a mixed landscape. The hands-off voucher operator might find the area suitable due to the strong demand for rental properties and the likelihood that tenants will qualify for the program given the median income levels. However, the absence of precise market rent data introduces an element of uncertainty that could deter passive investors.
On the other hand, a hands-on value-add buyer could see potential in this small community. With a focus on improving property values and managing a smaller portfolio, such an investor could tailor their approach to the unique characteristics of ZIP 17862. They would need to conduct thorough market research to understand local rent dynamics fully, but the opportunity to create a positive impact on a close-knit community could be rewarding.
In conclusion, ZIP 17862 is best suited for investors willing to engage actively with their properties. While there is a clear need for affordable housing, the lack of detailed market data makes it less ideal for purely passive investment strategies. A hands-on approach would allow for better management of rental properties and potentially higher returns through value-added improvements.
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.