Location: Union County, PA | Metro: Union County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 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 analysis of ZIP 17887 for Section 8 real estate investment reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for ZIP 17887 in fiscal year 2026 is set at $1,060, while the market rent remains unspecified. This gap is crucial for understanding the financial dynamics of renting properties in this area.
Given that the FMR is higher than the unspecified market rent, it indicates that voucher tenants could potentially offer a stable and predictable source of income. The FMR being $1,060 suggests that landlords can expect a consistent rental rate from tenants who receive housing vouchers, making it a yield play. This is particularly important in ZIP 17887 where 21.4% of residents are renters.
The median income in ZIP 17887 is $44,730, significantly lower than the surrounding areas. For instance, White Deer township has a median income of $90,974, and Union County's median income stands at $105,957. This disparity highlights the economic challenges faced by residents in ZIP 17887, further emphasizing the importance of housing vouchers.
The per-capita income in ZIP 17887 is $19,312, which is also lower compared to White Deer township ($39,065) and Union County ($37,605). This reflects the overall economic status of the area and underscores the need for affordable housing solutions.
Landlords and small-portfolio investors should consider the benefits of accepting Section 8 vouchers. Despite the lower market rent, the guaranteed FMR of $1,060 provides a reliable income stream, especially in an area where many residents rely on government assistance. This approach can mitigate risks associated with market volatility and tenant default.
In summary, the financial landscape of ZIP 17887 supports a yield play strategy for landlords. Accepting Section 8 vouchers ensures a steady rental income of $1,060, which is above the unspecified market rent. Given the economic context, this can be a prudent move for investors seeking stability and predictability in their rental investments.
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.