Location: Jefferson County, PA | Metro: Clearfield 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 ZIP code 15865, with a population of 923, is characterized by a significant rental presence, with 34.7% of residents being renters. This indicates a moderate-sized tenant pool that could benefit from Section 8 housing vouchers. The median household income in this area stands at $45,313, which provides a baseline for assessing the affordability of rents.
The market rent in this ZIP code is $674, representing a substantial portion of the average income. To be precise, typical rent consumes approximately 15% of the median household income. This percentage is calculated by dividing the market rent by the median income and multiplying by 100, showing how much of their income tenants would need to allocate towards rent.
Comparing the market rent to the Fair Market Rent (FMR) of $970, as set for FY 2026 in the metropolitan area, highlights that the market rent in ZIP 15865 is below the FMR. This suggests that landlords in this ZIP code may find it easier to attract tenants who are eligible for Section 8 vouchers, as the rent they charge is within the allowable limits.
A landlord in ZIP 15865 should expect tenants who rely on Section 8 vouchers to have an income level that is around or below the median. These tenants will likely require assistance to cover a significant portion of their housing costs, given the high relative cost of rent. The expected tenant profile includes individuals and families who may be working in lower-paying jobs, receiving public assistance, or are part of other vulnerable groups that qualify for housing subsidies.
To conclude, while ZIP 15865 has a sizeable rental sector, the relatively low median income and the fact that market rents consume a notable share of it indicate a strong demand for affordable housing solutions such as Section 8 vouchers. Landlords here should prepare to work with tenants who need financial support to afford living in the area.
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.