Location: Clarion County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 16233, located within Clarion County, PA, presents a unique scenario when compared against the broader county metrics. With a Fair Market Rent (FMR) of $1,020 for fiscal year 2026, this figure aligns closely with the metro's FMR but stands out against the county's average market rent of $626. This indicates that 16233 has higher rental costs relative to other areas in Clarion County, positioning it as a premium sub-market within the county.
However, the median home value in ZIP 16233 is notably lower at $117,321, suggesting a potential value pocket for investors looking to purchase properties at a relatively lower cost while still maintaining higher rental income. The lower home value combined with a higher-than-average renter share of 5.7% could signal an area attractive for Section 8 housing opportunities. Landlords and investors should consider this ZIP code as a place where they can potentially leverage higher rents without the burden of purchasing properties at the highest price points seen in other parts of the metro.
To summarize, ZIP 16233 appears to be a premium sub-market in terms of rental rates but a value pocket regarding property acquisition costs. This combination makes it a strategic investment location for those interested in maximizing rental yields while minimizing upfront capital expenditure.
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.