Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 15952 reveals a unique balance between yield potential and market stability. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $850, which is significantly higher than the average market rent of $329. This stark difference indicates a strong opportunity for rental income, suggesting that properties in this ZIP could command higher rents compared to what is currently being offered. However, the lack of data on home values (N/A) makes it challenging to assess the potential for flipping properties in this area, as home values are crucial for determining the profit margin on property resale.
In terms of stability, the ZIP code has a 27.8% rate of renters, which is relatively low. This suggests that there is a significant portion of the population that owns their homes, potentially leading to less demand for rental properties. Additionally, the absence of data on days on market (DOM) and median income further complicates the assessment of stability. Days on market can provide insight into how quickly rental units are filled, while median income can indicate the financial health of the residents and their ability to consistently pay rent.
Given the available data, ZIP 15952 leans towards a high-yield but uncertain stability scenario. The primary driver for this classification is the substantial gap between the FMR and the current market rent, which implies a significant upside for rental income. However, without comprehensive data on home values, days on market, and median income, it's difficult to definitively classify the area as either a high-risk/high-reward market suitable for flipping properties or a steady cash flow zone. Landlords and small-portfolio investors should proceed with caution, focusing on the potential for increased rental income while being aware of the unknowns regarding overall market stability.
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.