Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP 15921 (Beaverdale, PA, Cambria County, Johnstown, PA MSA metro) reveals that voucher tenants will cashflow at the Fair Market Rent (FMR) set by HUD. The FMR for ZIP 15921 is $850 for FY 2024.
Based on recent data, the median home value in ZIP 15921 is $54,400. This low median home value suggests that the rent-to-price ratio is favorable for rental properties. However, the lack of specific market rent data makes it difficult to compare directly with the FMR. Given the FMR and the low median home values, it can be inferred that voucher tenants will likely cashflow, especially in standard units.
The absence of precise market rent figures means we cannot definitively state whether voucher tenants will cashflow marginally or only in premium units. Nonetheless, the low median home value indicates that the overall cost of living in the area is relatively low, which supports the idea that the FMR of $850 is sufficient to cover rental expenses for most units.
With the median Days on Market (DOM) and percentage of price cuts being unavailable, we cannot provide insights into how quickly properties are rented out or the frequency of price reductions. However, these factors are less critical when considering the stability and cashflow potential of Section 8 investments.
The strongest investor angle in ZIP 15921 is cashflow. Given the low median home values and the HUD FMR of $850, landlords and small-portfolio investors can expect consistent positive cashflow from Section 8 tenants without the need for premium units.
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.