Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
ZIP 15762, located in the Johnstown, PA MSA metro area, presents itself as a strong cash-flow anchor within a Section 8 portfolio strategy. The primary reason for this classification is the favorable financial metrics that support steady rental income.
The Fair Market Rent (FMR) for ZIP 15762 in fiscal year 2024 is set at $860. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher. In comparison, the market rent for the same area stands at $1,125, indicating a significant spread of $265 per unit. This spread ensures that landlords participating in the Section 8 program can maintain positive cash flow while still adhering to government-set rent limits.
While data on home values, price-cut shares, and days on market (DOM) are not available for ZIP 15762, the absence of these figures does not detract from its potential as a cash-flow anchor. The focus should be on the consistent rental income that Section 8 provides, rather than speculative appreciation plays which require more detailed real estate market analysis.
ZIP 15762 also has a median income of $67,188, which suggests a moderate economic environment. With an 8.4% renter share, there is a sufficient demand for rental properties to ensure occupancy rates remain stable. This stability is crucial for long-term investment strategies, especially when relying on government programs such as Section 8 for rental income.
In summary, ZIP 15762 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to the substantial difference between the FMR and market rents, along with a reliable tenant base indicated by the renter share and median income figures. Landlords can expect steady, predictable returns without the risks associated with appreciation plays or the need for extensive diversification.
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.