Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 15761, located in the Indiana County, PA metro area, presents a unique opportunity for Section 8 real-estate investors. The HUD Fair Market Rent (FMR) for the region is set at $970 for fiscal year 2026. However, due to the lack of current market rent data, it's challenging to make a direct comparison. Based on the available HUD FMR, voucher tenants would likely cashflow at the standard rate, though the exact margin depends on unit-specific expenses such as utilities and maintenance.
The median home value in the area is currently not available, which makes deriving an accurate rent-to-price ratio difficult. Nevertheless, even without this specific metric, the stability offered by Section 8 vouchers remains a significant advantage. Voucher holders provide a reliable source of income as their rent is subsidized by the government, reducing the risk of vacancy and non-payment.
Regarding the days on market (DOM) and price-cut share, both metrics are also unavailable. These factors are typically indicative of broader market trends that could affect rental dynamics. In the absence of these figures, we must rely on other indicators to assess the investment climate. Given the consistent demand for affordable housing and the government's commitment to funding, the stability provided by Section 8 rentals is a strong selling point.
The strongest investor angle in ZIP 15761 is stability. With the predictability of government-backed rents, investors can enjoy steady cash flows and avoid the volatility often associated with traditional rental markets.
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.