Location: Wayne County, PA | Metro: Wayne County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
The analysis for ZIP code 18427 in Unknown, PA, presents some challenges due to limited data availability. However, we can still provide a preliminary assessment based on the information at hand.
The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,130 per month. To annualize this figure, we multiply it by 12, yielding an annual rental income of $13,560 for a property that qualifies under the Section 8 program.
Unfortunately, the median home value and the current market rent for Unknown, PA, are not available. This makes it difficult to calculate the exact gross yield for properties in this area. However, we can infer that the gross yield would be lower than what is typically seen in areas with higher median home values, given the fixed annual rental income from Section 8.
The lack of specific data on renter density and days on market (DOM) further complicates a precise analysis. Typically, higher renter density and shorter DOM suggest a more robust rental market, which could imply better occupancy rates and potentially higher market rents. In the absence of these figures, we cannot definitively state how competitive the market rent would be relative to the Section 8 FMR.
Given the constraints of the data, it is reasonable to assume that the Section 8 scenario provides a guaranteed baseline income, albeit at a lower gross yield compared to potential market rents. The actual gross yield would depend on the median home value, which is currently unknown. If the median home value were significantly higher than the annualized FMR, the implied gross yield would be relatively low, making Section 8 participation less attractive for purely financial reasons.
In conclusion, while the Section 8 FMR offers a predictable source of income at $13,560 annually, the lack of detailed local market data means we cannot accurately compare this to potential market rents or derive a precise gross yield. Landlords and investors should consider the broader economic context and local housing market dynamics when deciding whether to participate in the Section 8 program in Unknown, PA.
Data Sources: FMR data from HUD (2027).
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.