Location: Indiana County, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 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)
860 FMR (zip FY 2024) sets the Fair Market Rent benchmark for ZIP code 15957, indicating the maximum rental assistance payment HUD will allow. Despite the N/A market rent figure, which suggests limited recent rental listings, the $135,975 median home value highlights a stable property market. The 2.8% renter share underscores a predominantly owner-occupied community, reducing competition for rental properties. With a median income of $71,250, residents have the financial capacity to cover additional costs beyond the subsidized rent. The N/A-day DOM and N/A% price-cut share indicate that there is little to no pressure on landlords to reduce prices or quickly turn over units, maintaining steady occupancy rates. Given these conditions, landlords and small-portfolio investors in ZIP 15957 can expect a relatively low-risk investment environment with predictable returns.
860 FMR also implies that landlords participating in the Section 8 program can receive a fixed payment that covers the majority of their rental costs, ensuring a consistent cash flow. This is particularly beneficial in a ZIP code where the median home value is $135,975, suggesting that property values are stable and likely to appreciate gradually. Furthermore, the 2.8% renter share indicates that rental properties are less common, making it easier to attract tenants who qualify for Section 8 assistance. The median income of $71,250 supports the notion that tenants can contribute their portion of the rent without significant hardship, reducing the risk of non-payment.
Section 8 verdict: ZIP 15957 offers a favorable environment for landlords and small-portfolio investors, with low competition and stable property values supporting a reliable investment strategy.
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.