Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 15565 within the Somerset County, PA metro area reveals key insights for landlords and small-portfolio investors.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090. Without comparative market rent figures, it's challenging to assess whether this FMR aligns with what tenants are willing to pay in ZIP 15565. This gap in information suggests a need for further local research to ensure rental rates are competitive and sustainable.
Regarding property acquisition, the affordability is unclear due to missing data on median home values, days on market (DOM), and the percentage of homes that have been listed with price cuts. These metrics would typically provide a comprehensive view of the local housing market conditions and help determine if now is a good time to acquire properties. Landlords should seek out these details before making any investment decisions.
Tenant demand in ZIP 15565 is moderate. With a total population of 25,000, approximately 16.7% of residents are renters. This indicates a steady but not overwhelming demand for rental properties. However, the relatively low renter share suggests that landlords might face competition from homeownership opportunities, which could impact their ability to fill vacancies.
In conclusion, while there is a moderate tenant base in ZIP 15565, the absence of crucial market data such as current rental rates and property acquisition costs makes it difficult to recommend investment without additional research. Landlords must verify local rental prices against the $1,090 FMR and investigate current real estate market trends to make informed decisions. The existing data points to a balanced but uncertain market, requiring careful consideration before committing to new investments.
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.