Location: Union County, PA | Metro: Union County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 17885 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern, with the Fair Market Rent (FMR) set at $1,010 for fiscal year 2026, which may not align with the local market rent. This misalignment can lead to higher tenant churn as individuals seek more affordable housing options. Additionally, vacancy exposure is heightened due to the lack of data on the average days on market (DOM), making it difficult to predict how quickly units will be filled once they become vacant.
Deferred maintenance poses another risk, particularly when considering the median income of $92,917. Landlords must be prepared for tenants who might not prioritize home upkeep, leading to potential long-term maintenance costs that could strain the budget. The uncertainty around the typical home value in the area further complicates the financial planning for these maintenance issues.
Despite these risks, the analysis is somewhat mitigated by the high concentration of renters in the area, represented by a 2.4% renter share. This figure suggests a robust demand for rental properties, including those accepting Section 8 vouchers. A higher number of renters typically translates into greater competition for housing, which can help stabilize occupancy rates and reduce the likelihood of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.