Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
19.0% of residents in ZIP 15927 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the area stands at $930, which is the maximum amount a landlord can charge for a Section 8 voucher holder as of fiscal year 2024. While the exact market rent is not available, the presence of a significant rental population suggests competitive pricing. The median income in ZIP 15927 is $98,633, providing insight into the economic status of the community. Although the days on market (DOM) and the percentage of price-cut shares are not specified, these figures would be crucial for understanding how quickly properties sell and whether price reductions are necessary to attract buyers.
The $930 FMR is a key figure for landlords considering participation in the Section 8 program, as it sets the upper limit for rental charges. This figure is particularly relevant when compared against the median income, suggesting that while the average household earns $98,633 annually, there remains a portion of the population reliant on government assistance for housing. With 19.0% of the population renting, it's clear that there is a segment of the market that could benefit from Section 8 vouchers.
To make informed decisions, landlords should consider the $930 FMR in conjunction with the broader economic context of ZIP 15927. The lack of specific data on market rents and home values means that comparative analysis must rely on other sources, but the FMR provides a solid benchmark for assessing potential rental income.
A final consideration for landlords is the stability and predictability that comes with Section 8 tenancy. Given the economic indicators and the proportion of renters, participating in the Section 8 program can offer a reliable stream of income, albeit at the stipulated rates.
Verdict: ZIP 15927 presents a viable opportunity for landlords willing to accept Section 8 vouchers, with a moderate rental market and an established need for affordable housing solutions.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.