Location: Jefferson County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 15763 present an intriguing picture of a market in motion. The Fair Market Rent (FMR) for the area, set at $1,050 for fiscal year 2026, offers a snapshot of rental costs that landlords and investors should consider. However, the lack of data on current market rents, price-cut shares, days on market (DOM), and median home values leaves some questions unanswered regarding the immediate supply-demand balance.
Despite these gaps, the 0.0% renter share is particularly noteworthy. This figure suggests that homeownership is prevalent in the area, indicating a low proportion of residents who rent their homes. Such a scenario typically points to a region where long-term housing pressures might be less pronounced compared to areas with higher renter populations. Residents owning their homes can contribute to a stable housing environment, reducing the urgency often seen in markets with high rental activity.
However, the absence of data on market rents and DOM could imply several things. If market rents are significantly lower than the FMR, it might suggest that there is ample supply of rental units, which could indicate a market where supply outpaces demand. Conversely, if the market rents are close to or above the FMR, but data is not available, it could hint at a market where demand is strong enough to drive rents up, yet the specifics are obscured, possibly due to a smaller rental market or data collection challenges.
The median home value being listed as N/A also adds to the complexity of understanding the overall housing market dynamics. A known median home value would provide insight into the affordability and desirability of homeownership in the area. Without this information, it's challenging to assess how the rental market might be affected by the homeownership landscape.
In summary, ZIP 15763 appears to be a market dominated by homeownership, with little indication of short-term housing pressure. The dynamics of the rental market remain unclear without additional data points, but the focus on ownership suggests a potentially stable and less volatile housing environment. Landlords and investors must navigate this market carefully, considering both the established homeownership trend and the unknowns surrounding rental dynamics.
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.