Section 8 Fair Market Rent (FMR) for ZIP 15945 - 2027
Location: Johnstown, PA | Metro: Johnstown, PA MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$68,203
To determine if you should invest in ZIP code 15945 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $900 for the fiscal year 2024 cover the debt service on a property?
- If the FMR does not cover the debt service, the answer is No. Do not proceed with the purchase.
- If the FMR covers the debt service, move to the next question.
- Is the market rent above, at, or below the FMR of $900?
- If market rent is significantly above $900, consider the following:
- The potential exists to charge higher rents to non-Section 8 tenants, making the investment viable.
- If market rent is around $900, the answer is Yes. The market aligns well with the FMR, indicating a balanced investment opportunity.
- If market rent is below $900, the answer is No. This suggests that the property will struggle to attract non-Section 8 tenants, reducing overall profitability.
- Are 0.0% of renters and N/A-day days on the market (DOM) indicative of sufficient demand?
- If there is no demand (0.0% of renters), the answer is No. There is insufficient tenant interest to justify an investment.
- If the DOM is very high (indicating a long time on the market), the answer is No. This suggests low demand and difficulty in renting out the property.
- If the DOM is moderate or low, the answer is It Depends. Evaluate other factors such as the property's condition, location, and potential for renovation before deciding.
Note: The provided data indicates incomplete information regarding market rent and days on the market, which are crucial for a thorough analysis. Ensure these details are accurate and up-to-date before making any investment decisions.
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.