Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
ZIP code 15741 presents an interesting balance between yield and stability for real estate investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, whereas the market rent stands at $617. This indicates a potential rental yield gap that can be leveraged for higher returns. However, it's important to note that there is no available data for home values in this area, which could imply volatility or lack of historical data.
The stability axis is informed by the percentage of renters, which is 50.0%, suggesting a moderate level of tenant demand. The absence of days-on-market (DOM) data complicates the assessment of how quickly properties might sell, but the median household income of $57,500 provides insight into the financial capacity of residents to afford housing costs. Given the rental figures, this income level supports a reasonable expectation for tenants to meet their monthly obligations, thereby enhancing the stability of cash flow.
Based on these metrics, ZIP 15741 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it occupies a middle ground. The significant difference between FMR and market rent suggests opportunities for higher yields through strategic property management or improvements that justify higher rents. However, the lack of home value data and the moderate renter percentage indicate a need for caution regarding long-term stability.
To conclude, the primary figures driving this assessment are the $970 FMR compared to the $617 market rent, and the $57,500 median household income. These numbers suggest a market where careful investment and management can lead to above-average returns while maintaining a stable occupancy rate. Landlords and small-portfolio investors should consider these factors when deciding whether to enter or expand in ZIP 15741.
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.