Location: Armstrong County, PA | Metro: Armstrong County, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 15736 stands out due to its unique demographic and economic characteristics. With only 386 residents, it represents a small community where 26.3% of the population rents their homes. The median income for residents in this ZIP is $66,429, which is relatively modest compared to the median home value of $146,041. This suggests that homeownership is more expensive relative to income, potentially making it challenging for renters to transition into homeownership.
The economics of Section 8 vouchers in ZIP 15736 are particularly interesting. The Fair Market Rent (FMR) for the area, set at $1080 for fiscal year 2024, is notably higher than the typical market rent of $754 based on Census American Community Survey data. This discrepancy means that landlords can expect to receive a higher rental payment through the Section 8 program than they might otherwise in the open market. However, the limited number of residents also implies a smaller pool of potential tenants, which could affect demand.
The data signature for ZIP 15736 reads as stable. The low number of residents and high median home value suggest a community that has seen little change in recent years. The disparity between the FMR and market rent indicates a local rental market that is somewhat insulated from broader trends, likely due to the ZIP's small size and possibly its location in a less densely populated area. Landlords should consider these factors when deciding whether to accept Section 8 vouchers, balancing the higher guaranteed rent against the potential challenges of a smaller tenant pool.
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.