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 |
$970 is the Fair Market Rent (FMR) for ZIP 15959 as of fiscal year 2026. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in the area. However, the lack of specific data points such as market rent, median home value, renter share, median income, days on market (DOM), and price-cut share percentages suggests that the real estate market in ZIP 15959 may be less active or tracked compared to larger metropolitan areas.
According to Zillow, there are currently 35 homes listed for sale in ZIP 15959, indicating a relatively limited supply of residential properties. Trulia reports finding 30 more homes matching certain filters just outside the ZIP code, suggesting that the immediate vicinity of 15959 may have a slightly broader housing market. The absence of precise figures for market rent and median home values makes it challenging to assess the overall profitability of rental properties in this area.
The $970 FMR is a critical benchmark for landlords considering participation in the Section 8 program. It ensures that rents are affordable for low-income families while providing a stable source of income for property owners. Given the limited data available, landlords should carefully evaluate the potential demand for Section 8 vouchers in ZIP 15959 before committing to the program.
In conclusion, ZIP 15959 presents a niche market for real estate investors, particularly those interested in the Section 8 program. With an FMR of $970, the opportunity exists for landlords to provide affordable housing while maintaining financial stability. However, due to the lack of comprehensive market data, further research and local knowledge are essential to make informed investment decisions.
Data Sources: FMR data from HUD (2027).
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.