Location: Jefferson County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 16258 presents an interesting balance between yield potential and market stability for landlords and small-portfolio investors. To begin, let's look at the yield. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This is significantly higher than the market rent of $738. Given that the median home value is not available, it suggests that the rental market may be more robust than the home purchase market in this area.
Moving on to stability, we can analyze several factors. The percentage of renters in the area stands at 25.5%, which indicates a moderate level of demand for rental properties. While this figure is not exceptionally high, it does suggest a consistent base of tenants. Additionally, the median household income in the ZIP code is $55,188. This income level provides insight into the financial capability of potential tenants, supporting the likelihood of stable cash flows.
The lack of data on days on market (DOM) makes it challenging to assess the speed at which rental units turn over. However, given the FMR and market rent figures, there is a notable gap indicating potential for higher yields if landlords can secure tenants willing to pay closer to the FMR. This suggests that while the market isn't characterized as high-yield/low-stability, akin to a 'flip-style' market where quick profits are sought, it leans towards providing steady cash flow with above-average rental income opportunities.
In conclusion, ZIP 16258 offers a scenario where landlords can expect better-than-average rental returns compared to the market average, driven by the significant difference between the FMR and actual market rents. Simultaneously, the moderate renter population and solid median income support a reasonably stable tenant base, making it a zone that combines good yield with acceptable stability, ideal for those looking to invest in a balanced real estate portfolio.
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.