Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15564, as set by the U.S. Department of Housing and Urban Development for the fiscal year 2026, is $970. This figure represents the payment standard for landlords participating in the Section 8 housing choice voucher program. It is important to note that this does not mean your tenant will pay you $970; rather, it is the maximum amount the government will reimburse you for rent.
In comparison, the average rent in ZIP 15564, based on Census American Community Survey (ACS) data, is $619. This suggests that the reimbursement rate under Section 8 is significantly higher than the typical market rent, potentially offering a financial advantage for landlords who participate.
The percentage of renters in ZIP 15564 is 36.6%, indicating a moderate demand for rental properties. While this share is not extremely high, it still points to a reasonable number of potential tenants who could benefit from the Section 8 program.
Regarding acquisition costs, the data indicates it as N/A, which could mean there isn't specific information available or that the cost varies widely depending on the property's condition and location. However, landlords should be aware that the initial investment can vary, and properties eligible for Section 8 must meet certain quality standards known as the Housing Quality Standards (HQS).
A key verification step before entering into a Section 8 agreement is to ensure your property meets the HQS. This involves passing an inspection that checks for safety, habitability, and structural integrity. Failure to comply with these standards can result in penalties or loss of tenancy.
Participating in the Section 8 program can provide a stable source of income and access to a pool of tenants who might otherwise struggle to find affordable housing. The reimbursement rate of $970 can cover your mortgage, maintenance, and other expenses, making it a viable option for landlords looking to secure long-term tenancies.
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.