Location: Schuylkill County, PA | Metro: Schuylkill County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The analysis for ZIP 17953 reveals a significant gap between the Fair Market Rent (FMR) of $970 and the market rent of $638, as per the Census ACS data. This discrepancy amounts to a $332 difference, or approximately 52%.
In ZIP 17953, where the FMR exceeds the market rent, landlords who accept Section 8 tenants can benefit from higher yields. The FMR of $970 is set by HUD to ensure that voucher holders can afford decent housing. Given the local market rent of $638, landlords who rent their properties at the FMR level can achieve a yield that is 52% higher than the current market rate. This makes it a favorable scenario for landlords looking to maximize returns on their investment properties.
The local context includes 15.6% of renters and a median household income of $75,000. While the median home value is not available, these figures suggest a mixed-income community where the affordability of housing plays a crucial role in attracting and retaining tenants. With the FMR being notably higher than the market rent, landlords can secure a more stable income stream by participating in the Section 8 program.
However, landlords must also consider the administrative aspects of accepting voucher tenants, including regular inspections and compliance with HUD regulations. Despite these considerations, the financial benefits of renting at the FMR level can outweigh the costs, especially in a market where rents are lower than the FMR.
Landlords and small-portfolio investors should take advantage of this gap to improve their cash flow. By aligning their rental rates with the FMR, they can attract tenants with vouchers, ensuring a steady income while still offering affordable housing options in ZIP 17953.
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.