Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15753, set at $990 for the fiscal year 2026, represents the maximum amount that a landlord can charge for rent under the Section 8 program. This figure is not the actual rent you will receive; it's the payment standard used by the Housing Choice Voucher program to determine the maximum rent subsidy allowed for a unit in this area.
To put this into perspective, the average rent in ZIP 15753, according to the Census American Community Survey, is $800. This means that the FMR of $990 is higher than the typical market rate, providing an opportunity for landlords to potentially receive slightly above-average rent payments through the Section 8 program.
The renter share in ZIP 15753 is 14.9%, indicating that nearly 15 out of every 100 residents are renters. This suggests a moderate level of demand for rental properties in the area, making it feasible for landlords to find tenants who qualify for the Section 8 program.
Note that the acquisition cost for properties in ZIP 15753 is marked as N/A, which means there isn't specific data available on the average cost to acquire rental properties in this area. However, this does not necessarily indicate a lack of opportunities; it simply means that additional research would be needed to understand the local real estate market.
Before deciding to participate in the Section 8 program with a rental property in ZIP 15753, verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, and they are a requirement for any property to be approved under the Section 8 program.
In summary, the FMR of $990 offers a competitive rent payment standard compared to the average local rent of $800, and the 14.9% renter share indicates a reasonable demand for rental units. Ensure your property meets HQS to proceed with the Section 8 program.
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.