Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 15856 stands out due to its unique demographic and economic characteristics. With only 776 residents, it has a low rental rate of 9.4%, indicating that most homeowners in this area prefer to own rather than rent. The median income here is $61,985, which is relatively modest compared to the median home value of $167,017. This suggests that homeownership is a significant challenge for many residents, particularly those with lower incomes.
Moving into the specifics of Section 8 housing vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. However, the current market rent, according to Census ACS data, is $1,000. This discrepancy between the FMR and the actual market rent means that landlords in ZIP 15856 can potentially receive higher rents through Section 8 vouchers, making participation in the program financially beneficial.
The voucher economics present an opportunity for landlords to stabilize their rental income. By accepting Section 8 vouchers, landlords can ensure a steady stream of rental payments that exceed the current market rates. This financial advantage can help offset any potential challenges associated with managing subsidized housing, such as increased paperwork and regulatory compliance.
Overall, the data signature for ZIP 15856 reads as stable. The low rental rate indicates a strong preference for homeownership, while the modest median income and high median home value suggest that the area is not experiencing rapid changes in its economic landscape. Landlords should consider the benefits of participating in the Section 8 program to capitalize on the higher FMR rates and provide affordable housing options to residents who need them.
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.