Location: Jefferson County, PA | Metro: Jefferson County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
$1,020 is the Fair Market Rent (FMR) for ZIP 15863 as of metro FY 2026. This figure indicates the average rent cost for a standard unit in the area, set by HUD for determining maximum allowable rents under the Section 8 program.
0.0% of the population in ZIP 15863 are renters, suggesting a low demand for rental properties in the area. This statistic highlights the limited market share for rental investments compared to owner-occupied homes.
$249K is the median sale price for homes in ZIP 15863, reflecting the typical transaction value for residential properties in the region. The sale price per square foot is $432, providing insight into the value density of homes in this area.
The average days on market (DOM) for properties in ZIP 15863 is 33 days, indicating a moderate pace of sales activity. This figure suggests that listings typically take just over a month to sell, which can be useful for setting realistic expectations for rental turnovers or property sales.
A recent sale in ZIP 15863 was a property at 6237 Route 119, Punxsutawney, PA 15767, which sold for $170,000. Another property, located at 112 5th St, Stump Creek, PA 15863, sold for $95,000. These specific transactions offer a snapshot of the current market conditions and potential resale values.
ZIP 15863 has a major risk of flooding, with 2% of properties expected to face severe flooding over the next 30 years. This highlights a significant environmental concern for both landlords and small-portfolio investors, as flood risk can affect property values and insurance costs.
Verdict: ZIP 15863 presents a challenging environment for Section 8 investments due to its low renter share and high flood risk, but the fair market rent of $1,020 provides a stable baseline for rental income.
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.