Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 15532 offers landlords and small-portfolio investors a structured approach to renting properties to tenants who receive housing assistance. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure represents the payment standard, meaning it is the maximum amount the government will pay toward rent on behalf of a tenant. It is not the rent you charge your tenant.
In ZIP 15532, the FMR serves as a benchmark for setting rental rates. While the specific local rent figures are not available, the FMR provides a guideline for what is considered fair in the broader market. With a 16.3% share of renters in the area, there is a notable demand for affordable housing options, which can be met through Section 8 participation.
Despite the absence of detailed local rent data, the acquisition cost for properties in ZIP 15532 is also not specified, indicating that investment costs may vary widely. However, the 16.3% renter share suggests that there is a steady pool of potential tenants who would benefit from the Section 8 program, ensuring a consistent occupancy rate.
Before committing to a Section 8 rental property in ZIP 15532, it is crucial to verify that the property meets the Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD). These standards ensure that the property is safe, decent, and sanitary for tenants. Compliance with HQS is mandatory for acceptance into the Section 8 program.
To summarize, the FMR of $990 in fiscal year 2026 indicates the maximum subsidy a landlord can expect from the government. Given the 16.3% renter share, there is a significant demand for rental properties in ZIP 15532. Ensure your property meets HUD's HQS to qualify for the program.
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.