Location: Montour County, PA | Metro: Montour County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The dynamics of the rental market in ZIP code 17884 reveal a scenario where demand appears to be holding steady against supply, though specific indicators such as price-cut share and days on market (DOM) are currently unavailable. The Fair Market Rent (FMR) set at $1120 for the fiscal year 2024 suggests a benchmark that landlords can use to price their units competitively. However, the average market rent reported at $889 by the Census ACS indicates that there is room for growth, as the actual rents being charged are below the FMR threshold.
The 65.6% renter share points to a significant portion of the population that relies on rental housing, which implies ongoing long-term housing pressure. This high percentage of renters signals a consistent demand for rental properties, likely due to factors such as affordability, transient populations, or individuals preferring the flexibility of renting over owning. Given the lack of specific data on price-cut share and DOM, we cannot definitively state whether supply outpaces demand or vice versa. However, the disparity between the FMR and the current market rent could suggest that there might be some level of competition among landlords to attract tenants, keeping rents lower than the fair market value.
In summary, ZIP 17884 presents a rental market with a strong tenant base and potential for rental rates to rise towards the FMR. Landlords and small-portfolio investors should monitor these trends closely to adjust their pricing strategies accordingly and stay competitive in this market in motion.
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.