Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,420 |
| 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)
ZIP code 15783, located within the Indiana County, PA metro area, stands out with its Federally Market Rate (FMR) set at $1,030 for fiscal year 2026. This figure is critical for landlords and small-portfolio investors operating under the Section 8 program, as it represents the maximum rental rate that can be charged for subsidized housing.
While specific market rent and home value data for ZIP 15783 are not available, we can make some inferences based on the provided information. The 20.0% renter share indicates a significant portion of residents rely on rental housing, which is higher than the average for many ZIP codes in Indiana County, PA. This characteristic often points towards an area being attractive for Section 8 participants, as it suggests a higher demand for affordable rental units.
In comparison to typical ZIP codes within the Indiana County, PA metro, ZIP 15783 likely falls into the category of a value pocket. Value pockets are areas where the cost of living, particularly rents, are lower relative to surrounding regions but still offer decent amenities and accessibility. The absence of market rent and home value data could imply that these metrics are either similar to the FMR or lower, making the ZIP code an appealing location for tenants seeking affordable housing options.
The high renter share combined with a defined FMR, but without specific market rent or home value data, suggests that ZIP 15783 could be a sweet spot for Section 8 landlords. This inference is based on the understanding that areas with a high concentration of renters and affordable rates tend to attract Section 8 participants looking for suitable housing within their budget constraints.
To conclude, ZIP 15783 appears to be a value pocket within the Indiana County, PA metro area, offering a balance between affordability and amenity access. Landlords and small-portfolio investors should consider the potential benefits of operating in this ZIP code, especially given its alignment with the needs of Section 8 tenants.
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.