Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 15934 in fiscal year 2024 is set at $860. While the market data for median home values and median incomes is not fully specified, we can infer that the low FMR aligns well with the lower median home values observed in the broader Johnstown area, which is around $111,800.
A cash-flow anchor property ensures steady and reliable rental income, crucial for maintaining financial stability in a real estate portfolio. ZIP 15934 offers a consistent and predictable source of income through Section 8 vouchers, given the low FMR relative to the median home value.
The high renter share of 100.0% indicates that there is a strong demand for rental properties in this area. This makes ZIP 15934 particularly attractive for landlords and small-portfolio investors who are looking to secure long-term, stable tenancies.
While appreciation potential and diversification benefits are important considerations, the primary focus here is on ensuring a solid foundation for cash flow. ZIP 15934 provides that foundation, making it a strategic choice for investors aiming to balance their portfolios with dependable rental income sources.
In summary, ZIP 15934 serves as a robust cash-flow anchor due to its alignment with Section 8 voucher rates and high renter share, providing a reliable income stream for real estate investors.
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.