Location: Crawford County, PA | Metro: Crawford County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 16406 is analyzed as a potential market for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 3,388, 20.2% of residents are renters, indicating that this area is moderately renter-heavy. However, it is not dominated by renters; therefore, the demand for housing vouchers may be moderate rather than deep.
The median household income in ZIP 16406 is $65,911. The average market rent stands at $917, which equates to approximately 14% of the median income. This suggests that typical rents are relatively affordable for most residents, aligning well with their financial capabilities.
Comparatively, the Fair Market Rent (FMR) for the metro area is set at $1,000 for fiscal year 2026. This means that the market rent in ZIP 16406 is below the FMR, offering a competitive edge for landlords who can attract tenants with vouchers. Landlords in this area can reasonably expect to accommodate tenants whose rental payments are subsidized, ensuring they do not exceed 30% of their income.
A landlord in ZIP 16406 should anticipate a tenant profile characterized by individuals and families who benefit from housing vouchers. These tenants will likely have incomes below the median, necessitating assistance to cover their housing costs. Given the lower market rent compared to the FMR, these subsidies will be sufficient to cover the cost of renting in the area.
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.