Location: Union County, PA | Metro: Union County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The market in ZIP code 17880 presents a dynamic scenario where the Federal Market Rent (FMR) stands at $1,090 for fiscal year 2026, while the actual market rent is slightly higher at $1,125 according to the latest Census American Community Survey (ACS) data. This indicates that the rental market is closely aligned with government benchmarks, suggesting a stable but competitive environment for landlords.
A 100.0% renter share in the area signals a significant reliance on rental properties over homeownership. This high percentage points to sustained long-term housing pressure, where the demand for rental units remains robust. Landlords and small-portfolio investors can expect consistent occupancy rates, though it also means they must be prepared to compete with other property owners to attract tenants.
The lack of specific data on price-cut share and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, given the tight alignment between FMR and market rent, it's reasonable to infer that the supply and demand are fairly balanced. If there were a significant surplus of rental units, we would likely see market rents fall below the FMR to entice tenants.
With no median home value provided, it's clear that the focus of the housing market in 17880 is predominantly on rentals. This absence of sales data further reinforces the idea that the area is under long-term housing pressure, where owning a home is either less common or less feasible for many residents.
For investors, the key takeaway is that 17880 is a market characterized by steady demand for rental properties. The challenge will lie in maintaining competitive pricing and providing attractive amenities to retain tenants in an environment where nearly every household is a renter.
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.