Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $970 for ZIP 15777 will sufficiently cover the mortgage on a typical home. Unfortunately, the data provided does not include the average home price for ZIP 15777, making it impossible to accurately calculate if the FMR can cover the mortgage. However, the lack of recent home sales data in Zillow and Trulia suggests that the housing market in this area may be less active compared to other regions.
The same investor could also point out that the rental market demand appears low, at 0.0%. This figure indicates that there are very few vacant rental properties in the area, which might imply strong competition among landlords. Yet, the actual vacancy rate and the number of renters looking for housing in ZIP 15777 are not provided, leaving room for further investigation into the local rental market dynamics.
Another concern raised by an investor could be whether the Section 8 vouchers will keep pace with the local market rents. While the Housing Choice Voucher (HCV) Data Dashboard from HUD.gov offers national and state-level trends, specific data for ZIP 15777 is not available. The FMR Lookup Tool for 2026 and the BNBCalc website provide current Section 8 payment amounts and FMR data by ZIP code, but these sources do not guarantee future increases in line with market rents. Investors should monitor both the local rental market trends and federal updates on voucher amounts closely to ensure continued profitability.
To summarize, while the FMR of $970 is a starting point, the absence of specific average home prices makes it difficult to assess its adequacy for covering mortgages. The reported rental market demand of 0.0% requires deeper analysis to understand the true dynamics of the local rental market. Lastly, the alignment between Section 8 voucher payments and market rents must be continually monitored as the data does not definitively show that vouchers will keep up with increasing market rents.
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.