Location: Indiana County, PA | Metro: Indiana County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
ZIP code 15929, located within the Indiana County, PA metro area, has a Federal Market Rent (FMR) of $990 for fiscal year 2026. This figure represents the government's benchmark for affordable housing subsidies under the Section 8 program. While the market rent and home values for this ZIP code are currently not available, we can infer some characteristics based on the provided data.
The renter share in ZIP 15929 is 36.0%, which indicates that a significant portion of residents are renters rather than homeowners. This is a key metric when evaluating the potential attractiveness of an area for rental properties. A higher renter share generally suggests greater demand for rental units, which can be beneficial for landlords and small-portfolio investors.
To determine if ZIP 15929 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Indiana County, PA metro, it's essential to consider the context of the FMR relative to other ZIP codes in the area. An FMR of $990 suggests that this ZIP code is likely positioned as a value pocket within the metro area, given that it offers affordable rents compared to what might be expected in more expensive areas.
The absence of specific market rent and home value data makes it challenging to provide a direct comparison to typical ZIP codes within the Indiana County, PA metro. However, the high renter share combined with the availability of affordable housing subsidies under Section 8 could signal a sweet spot for investors looking to capitalize on government assistance programs.
In summary, ZIP 15929 appears to be a value pocket within the Indiana County, PA metro area, offering affordable rents through Section 8 subsidies and a substantial number of renters. This combination presents a favorable environment for landlords and small-portfolio investors seeking to enter a market with strong tenant support and demand for rental properties.
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.