Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 15848 is poised for a period of stability and potential growth over the next 12 to 24 months, based on the current indicators. With a median home value of $151,075, the area presents an attractive entry point for both first-time buyers and investors looking for affordable properties. The data does not specify the percentage of listings that have been reduced or the median days on market (DOM), but the absence of these figures suggests a balanced market where neither buyers nor sellers hold significant leverage.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,210, while the current market rent stands at $950 according to Census ACS data. This gap indicates an opportunity for rental income growth, assuming the FMR projections materialize. Landlords and small-portfolio investors can anticipate gradual increases in rental rates, aligning with the projected FMRs, which could enhance their cash flow and investment returns.
For long-term investors, the setup in ZIP 15848 supports a realistic appreciation thesis. The current median home value, coupled with the expected rise in rental rates, suggests that property values are likely to appreciate as demand for housing in the area grows. Investors should expect steady, rather than explosive, growth in their asset values, making this a suitable market for those seeking stable, long-term gains.
The combination of an accessible median home value and the potential for rental rate increases creates a favorable environment for investors. They can leverage the low entry cost of properties to build a portfolio that benefits from rising rents and moderate appreciation. However, it's important to note that the exact pace of appreciation will depend on broader economic conditions and local market 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.