Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
13.4% of the population in ZIP code 15866 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, which is higher than the average market rent reported at $738 based on Census ACS data. This discrepancy suggests that landlords could potentially increase rents to align closer with the FMR without significantly deterring tenants.
$82,708 is the median income for this area, which is crucial for assessing the financial capability of potential tenants. Given the average market rent of $738, it's evident that many residents can afford to pay the higher FMR rate of $980, considering typical housing affordability guidelines suggest that rent should not exceed 30% of household income.
N/A for the median home value indicates that homeownership data might be limited or unreliable in this region, possibly due to low property turnover or a lack of recent sales data. Similarly, the N/A-day DOM (days on market) and N/A% price-cut share suggest that the residential real estate market is either stable or underreported in terms of new listings and price adjustments.
In conclusion, the current environment in ZIP 15866 supports a positive outlook for rental investments, particularly those targeting the Section 8 housing voucher program. With a 13.4% renter share and an FMR of $980, landlords can expect steady demand for properties that meet the program's criteria. The median income of $82,708 further underpins the ability of tenants to meet their obligations, making this area a viable option for Section 8 participation.
Verdict: Suitable for Section 8 investment.
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.