Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The ZIP code 15544 stands out due to its unique data profile, which includes a relatively small resident population of 274 individuals, with only 8.6% of them renting their homes. This indicates that the area is predominantly owner-occupied, suggesting a community where homeownership is highly valued. The median income for residents in this ZIP code is $89,536, reflecting a higher economic status compared to national averages. However, the lack of data regarding the median home value leaves some uncertainty about the local real estate market dynamics.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. Despite this figure, there is no available information on the current market rent or the average voucher amount for this specific ZIP code. Given the low percentage of renters and the absence of detailed rental market data, it's challenging to determine the exact impact of Section 8 vouchers on the local housing market. However, landlords and small-portfolio investors should be aware that the FMR can serve as a benchmark for setting rental rates and understanding the potential subsidy levels available through the program.
The data signature for ZIP 15544 reads as stable. With a high median income and a low percentage of renters, the area suggests a mature market with little indication of rapid change. Landlords and investors considering properties in this ZIP code should focus on understanding the local demand for rental units and the potential for long-term stability rather than short-term fluctuations. Given the limited rental market presence, any investment strategy should carefully consider the balance between owner-occupied and rental properties to align with the overall community trend.
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.