Location: Columbia County, PA | Metro: Columbia County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17920 in fiscal year 2024 is set at $1060. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the ceiling for the rent subsidy.
In ZIP 17920, the local market rent is currently N/A. However, since the renter share of the FMR is 0.0%, it suggests that there is strong demand for affordable housing in this area. This high demand means that if your property meets the necessary qualifications, it is likely to be in high demand among potential tenants.
The acquisition cost for properties in this area is also N/A, which indicates that specific data on property values isn't available. Nonetheless, given the strong demand for affordable housing, it's crucial to ensure that your property's value aligns with the expected returns from the Section 8 program.
To make an informed decision about participating in Section 8 with your first rental property in ZIP 17920, you must verify that your property meets all the required standards set by the Housing Authority. These standards include the condition of the property, safety requirements, and compliance with the Fair Housing Act. Once these conditions are met, the FMR of $1060 will serve as the benchmark for the rent subsidy you can expect.
While the local market rent is not specified, the fact that the renter share is 0.0% implies that tenants are willing to accept the FMR without additional contribution, making it easier to secure tenants who qualify for the program. The lack of specific acquisition cost data means you should conduct thorough research into recent property sales in your area to estimate a fair price range for your investment.
In conclusion, the FMR of $1060 is a key figure for understanding the financial landscape of Section 8 rentals in ZIP 17920. With strong tenant demand and the need to meet Housing Authority standards, your focus should be on ensuring your property is well-maintained and competitive within the affordable housing market.
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.