Location: Somerset County, PA | Metro: Somerset 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 | $910 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $171,439 | 0.69% | D |
| 3BR | $1,560 | $244,867 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP code 15411, located in Addison, PA, within the Somerset County, PA metro area, presents a unique profile when compared against other ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 15411 is set at $1,180 for fiscal year 2026, which is notably higher than the market rent of $923. This suggests that the subsidized rental market in Addison is priced above what the local market naturally demands.
The median home value in ZIP 15411 stands at $186,982, indicating that it is not a particularly expensive area relative to other ZIP codes within the same county. This lower home value, combined with a relatively high renter share of 14.9%, could signal that this ZIP code is attractive for those seeking affordable housing options. However, it's important to note that the FMR exceeds the actual market rent, which can be an indicator of potential overpricing in the subsidized housing segment.
In the context of Somerset County, ZIP 15411 appears to be a mid-tier neighborhood. While the FMR is higher than the market rent, suggesting some level of subsidy, the home values and renter share indicate that it is neither a premium sub-market nor a value pocket. Instead, it offers a balanced option for both landlords and small-portfolio investors looking for properties that are somewhat subsidized but still maintain a reasonable balance between affordability and investment value.
The divergence between the FMR and the market rent, alongside the significant renter share, implies that there might be opportunities for landlords who can leverage the subsidy to offset costs in a less expensive housing market. This combination makes ZIP 15411 a noteworthy consideration for investors focused on Section 8 properties, as it provides a sweet spot where subsidies are generous without the need to invest in excessively high-priced properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.