Location: Schuylkill County, PA | Metro: Northumberland County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 17964 in Schuylkill County, PA, reveals several key points for potential landlords and small-portfolio investors.
First, regarding the rent math, the comparison between the Fair Market Rent (FMR) and the actual market rent indicates that the numbers do not align favorably. The FMR for the area is set at $1,270 for fiscal year 2026, while the current market rent is reported at $825 based on Census ACS data. This means that landlords would need to either lower their expectations or find ways to justify higher rents to tenants, which could be challenging given the discrepancy.
Second, the acquisition affordability in ZIP 17964 is difficult to assess due to the lack of specific data on median home values, days on the market (DOM), and the percentage of homes that have had their prices cut. Without these figures, it's impossible to determine if properties are selling at reasonable prices and how long they typically stay on the market before being sold.
Lastly, there is a notable tenant demand in the area. With a population of 952 and a 19.8% renter share, landlords can expect a steady stream of potential tenants. However, the relatively small population size suggests that the pool of renters might be limited, which could impact occupancy rates and rental income stability.
Verdict: While there is a discernible tenant demand in ZIP 17964, the rent math does not currently work in favor of landlords, as the market rent is significantly below the FMR. The lack of detailed acquisition cost data makes it hard to recommend investment without further research into property pricing trends. Landlords should proceed with caution and consider local economic conditions and competition before making any investment decisions.
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.