Location: Snyder County, PA | Metro: Snyder County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The ZIP code 17876 represents a modest-sized market with a population of 1,827 individuals. Among these residents, 31.8% are renters, indicating a moderate rental presence rather than a heavy one. This percentage suggests that while there is a significant portion of the population relying on rental housing, it is not dominated by renters. The median household income stands at $70,972, which provides a baseline for understanding the financial capacity of potential tenants.
In terms of affordability, the typical market rent of $926 consumes approximately 13% of the median household income. This calculation is derived from dividing the market rent by the median income and multiplying by 100. The Federal Market Rent (FMR) for the area is set at $1,150 for fiscal year 2026, which is higher than the current market rent. This difference indicates that Section 8 vouchers, which are typically capped at or near the FMR, can cover a substantial portion of the rent in this ZIP code, making it attractive for voucher holders.
The demand for Section 8 vouchers in ZIP 17876 appears to be moderate, given the percentage of renters and the income levels relative to market rents. Landlords in this area should expect tenants who rely on vouchers but also have the ability to contribute a portion of their own income towards rent. These tenants will likely be families or individuals who benefit from the federal assistance program, ensuring that they can afford the housing costs without straining their overall budget significantly.
To conclude, landlords in ZIP 17876 should anticipate a tenant pool that includes a mix of voucher users and those paying out-of-pocket. Given the FMR and median income levels, the typical rent of $926 is well within the range supported by Section 8 vouchers, making it feasible for landlords to accept voucher tenants without facing significant risks. However, the relatively low percentage of renters suggests that while there is a market for subsidized housing, it is not overwhelming, and landlords should consider the broader economic context when setting rents and accepting tenants.
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.