Location: Forest County, PA | Metro: Forest County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 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 16321 reveals a unique market scenario that leans towards a low-yield and low-stability zone for real estate investment, particularly for landlords and small-portfolio investors. The Federal Market Rent (FMR) for the area is set at $970 for fiscal year 2026, which is the only concrete figure available for comparison. This FMR is the maximum amount that a landlord can charge a tenant who participates in the Section 8 Housing Choice Voucher program.
Given the lack of specific market rent data and home values, it's challenging to gauge the potential rental yield accurately. However, the absence of significant market rent figures suggests that the yield might be lower than expected, especially when compared against typical market rents outside of government-set rates. The FMR of $970 is likely to be below what could be achieved in a more robust rental market, indicating limited upside for rental income.
The stability of the market is also questionable due to the incomplete data set. The reported 0.0% of renters indicates a very low occupancy rate, which is unusual and might suggest that there are few active renters in the area. Without additional figures such as days-on-market (DOM) and median household income, it's difficult to provide a comprehensive assessment. However, the low occupancy rate alone points to instability, as it suggests challenges in maintaining consistent tenancy.
In conclusion, ZIP 16321 does not present itself as an attractive option for high-yield investments. The reliance on the $970 FMR and the presence of a low occupancy rate indicate that this market is more suited for those seeking to understand local housing needs rather than maximize cash flow. For landlords and small-portfolio investors looking for steady returns and stable occupancy, other areas with more complete data and higher occupancy rates would likely offer better opportunities.
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.