Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
8.9% of residents in ZIP code 15721 are renters, indicating a modest but steady demand for rental properties. $41,875 is the median income in this area, which suggests that many tenants could be eligible for Section 8 assistance. $1,060 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, providing a benchmark for rental pricing.
While the specific market rent and median home value data are not available, the FMR can guide landlords in setting competitive rates that align with government standards. This ensures compliance with Section 8 requirements and helps attract eligible tenants.
The lack of data on days on market (DOM) and the percentage of homes needing price cuts indicates a stable housing market without significant fluctuations. Landlords can expect consistent tenant interest and fewer challenges in adjusting rental prices.
In ZIP 15721, the combination of an 8.9% renter share and a median income of $41,875 creates a viable environment for Section 8 participation. The FMR of $1,060 sets a clear guideline for pricing, making it easier for landlords to manage their properties effectively under the program.
Given the absence of negative indicators such as high DOM or frequent price-cutting, and considering the alignment between the median income and FMR, landlords in ZIP 15721 should find Section 8 participation both feasible and beneficial. It provides a reliable source of tenants who meet the eligibility criteria and can afford the rents based on the established FMR.
$1,060 FMR and $41,875 median income support a positive outlook for Section 8 landlords in ZIP 15721.
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.