Location: Indiana County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 15757 stands out within its county due to its unique demographic and economic characteristics. With only 1,272 residents, it is a small community where 15.0% of the population rents their homes. The median income for residents is $56,176, while the median home value is notably higher at $93,595. This indicates a significant disparity between rental and homeownership costs, which could be an important consideration for landlords and small-portfolio investors.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 15757 in fiscal year 2026 is set at $1,140 per month. However, the current market rent, according to Census ACS data, is significantly lower at $672 per month. This suggests that landlords who accept Section 8 vouchers can expect to receive higher rents compared to the local market average, potentially making it a more attractive option for property owners in this area.
The economic stability of ZIP 15757 can be assessed by looking at the relationship between income and housing costs. While the median income is relatively low compared to the median home value, the gap between the FMR and the actual market rent presents an opportunity for landlords. The data signature for this ZIP code reads as "stable," given the established median values and the consistent trend of FMR being above the market rent. This stability could indicate a reliable environment for long-term investments, particularly in rental properties that participate in the Section 8 program.
To summarize, ZIP 15757 offers a niche market for landlords willing to accept Section 8 vouchers, with a clear advantage in terms of rent over the local market average. The median income and home value suggest a community that is primarily geared towards homeownership, but the rental sector, especially with Section 8 support, remains a viable and stable investment option.
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.