Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
ZIP 15727, located in Indiana County, PA metro, offers a strategic fit for a Section 8 portfolio due to its characteristics as an appreciation play.
The median income in ZIP 15727 stands at $64,063, which provides a stable economic foundation for tenants. This income level supports the potential for rental rate increases over time, aligning with the appreciation play strategy.
Although the data does not provide specific figures on the price-cut share and days on market (DOM), the lack of these details suggests a market that is relatively stable and less volatile compared to areas with high turnover rates or frequent price adjustments. Stability in these metrics is crucial for long-term investment strategies, particularly those focused on appreciation.
ZIP 15727's 11.5% renter share indicates a moderate demand for rental properties, balancing the need for occupancy with the potential for owner-occupied homes to increase in value. This balance reduces the risk associated with purely speculative investments and ensures a steady stream of potential tenants.
Despite the absence of market-specific figures and median home values, the Indiana County, PA metro area has a Fair Market Rent (FMR) of $1,080 for fiscal year 2026. This figure represents the baseline for rental income in the area, providing a minimum threshold for cash flow expectations. However, the primary focus should be on the potential for property value growth rather than immediate cash flow, given the limited data available.
In summary, ZIP 15727 is best suited as an appreciation play within a Section 8 portfolio strategy. Its stable median income, moderate renter share, and the predictable FMR for the region support long-term value growth and sustainable rental income.
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.