Location: Jefferson County, PA | Metro: Jefferson County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 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 rental market in ZIP code 15780 stands at a pivotal moment, characterized by the Federal Market Rent (FMR) set at $970 for the fiscal year 2026. This figure represents the threshold for affordability under the Section 8 program, indicating that rental properties priced below this amount qualify for subsidies, thereby attracting a significant portion of low-income renters.
Absent specific market rent data, it's evident that the FMR serves as a crucial benchmark for landlords and investors. The lack of information on price-cut shares and days on market (DOM) suggests a stable environment, where neither a glut of listings nor a scarcity drives extreme pricing behaviors. However, the absence of a median home value points towards a predominantly rental-focused area, rather than one with substantial homeownership activity.
The 7.8% renter share, while seemingly low, underscores a dynamic characteristic of ZIP 15780. This percentage reflects the proportion of residents who are renters, which can imply several things. Firstly, it indicates a relatively high level of housing stability among homeowners, reducing immediate pressure on the rental market from those seeking alternative living arrangements. Secondly, it highlights the importance of rental properties in accommodating new entrants into the housing market, such as young professionals, students, or families transitioning between homes. Over the long term, this share suggests that the rental market will continue to play a vital role in providing housing solutions, especially as the population grows or shifts.
In summary, ZIP 15780 presents a market where the balance between supply and demand is critical. The focus on rental properties, with the FMR serving as a key indicator, signals an area where rental housing is essential for meeting the needs of its residents. While the current snapshot doesn't provide a complete picture of market dynamics, the reliance on rental housing and the significance of the FMR indicate a market in constant motion, adapting to the evolving needs of its inhabitants.
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.