Location: Somerset County, PA | Metro: Somerset County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 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)
86,496 In ZIP code 15937, the median home value stands at $86,496, indicating a market that's accessible to a wide range of buyers. 8.3 In this area, renters make up only 8.3% of the population, suggesting a strong preference for homeownership among residents. 970 However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which provides a benchmark for rental properties. 83,917 With a median income of $83,917, potential tenants in this ZIP code have the financial capacity to meet the rental costs, assuming they allocate a reasonable portion of their income towards housing. N/A Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, it's evident that the real estate market in 15937 is relatively stable, given the low renter share and the established FMR. 970 For landlords and small-portfolio investors, the $970 FMR can be a useful guideline when setting rents, ensuring that they remain competitive while also being viable. 83,917 The median income figure further supports this strategy, as it shows that most residents earn enough to afford these rents without excessive strain. 86,496 Additionally, the median home value indicates that there's a significant base of owner-occupied homes, which typically contributes to a more stable neighborhood environment. 970 Given the $970 FMR and the local economic conditions, properties in this ZIP code should focus on maintaining a balance between affordability and quality to attract tenants. 83,917 Investors should also consider the median income of $83,917 when evaluating the potential demand for rental units. 86,496 In conclusion, the real estate landscape in ZIP 15937 offers a mix of opportunities and challenges, with the potential for steady returns on investment. 970 The Section 8 program, with its FMR of $970, can be a reliable source of tenants for landlords willing to comply with its requirements.
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.