Location: Schuylkill County, PA | Metro: Columbia County, PA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $108,486 | 0.95% | C |
| 3BR | $1,340 | $138,106 | 0.97% | C |
| 4BR | $1,420 | $180,093 | 0.79% | D |
U.S. Census Bureau data (2024)
Ashland, Pennsylvania, located in ZIP code 17921, presents several considerations for landlords and small-portfolio investors. One immediate concern is whether the Fair Market Rent (FMR) of $1,060 for 2024 will sufficiently cover the mortgage on a median-priced home of $128,730. This is a valid objection, given that the average monthly mortgage payment on a $128,730 home could exceed $1,060 depending on interest rates and down payments. However, it's important to note that FMRs are typically set to cover a broad range of housing types and sizes, and the actual rent charged might be higher if the property is larger or offers additional amenities.
The skepticism around the 17.3% rental occupancy rate also warrants attention. This figure suggests that less than one-fifth of the housing units in Ashland are rented out, which could indicate a limited pool of potential tenants. Despite this, the occupancy rate should be viewed alongside other factors such as population growth trends and the local economy. If Ashland is experiencing steady population growth or has a robust job market, the demand for rentals could increase, making the current occupancy rate less concerning.
Another critical issue is whether Housing Choice Vouchers will keep up with the market rents of $768. The voucher program aims to subsidize rent for low-income families, but if the voucher amounts do not match the rising market rents, landlords might face difficulties in filling vacancies. Data from recent years shows that voucher amounts have generally increased to meet inflationary pressures, but it's crucial to monitor local adjustments to ensure they align with market conditions. In Ashland, the gap between the voucher amount and market rents must be closely watched to predict future financial impacts.
In summary, while the FMR, rental occupancy rate, and voucher amounts present challenges for investors in ZIP 17921, these concerns can be mitigated through careful planning and consideration of broader economic trends. It's advisable to consult local real estate experts and review detailed financial projections before making investment decisions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.