Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 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 15935, located in Hollsopple, PA within Somerset County, exhibits characteristics that suggest it could be considered a value pocket relative to the broader Somerset County metro area. The Fair Market Rent (FMR) for ZIP 15935 is set at $1,050 for fiscal year 2026, which is higher than the current market rent of $820. This indicates that rental properties in Hollsopple might currently be undervalued compared to what the government deems fair for the area.
The median home value in ZIP 15935 stands at $146,470, which is notably lower than the FMR. This discrepancy between home values and rents can be indicative of an affordable housing area, particularly appealing to low-income renters who rely on federal assistance programs such as Section 8. Additionally, the relatively high renter share of 18.1% suggests a significant portion of the population depends on rental housing, further supporting the potential for Section 8 activity in this ZIP code.
In comparison to typical ZIP codes within Somerset County, the combination of below-average home values and a moderate renter share makes ZIP 15935 stand out as a potentially attractive location for landlords and small-portfolio investors seeking opportunities where the demand for affordable rental housing intersects with government-subsidized rental support. However, the actual performance of Section 8 in this area would depend on factors such as local vacancy rates and the availability of Section 8 vouchers.
The market conditions in ZIP 15935 diverge from the overall county trends, with lower home values and a slightly elevated renter share, indicating it may offer unique investment opportunities within the broader context of the Somerset County real estate market.
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.