Location: Crawford County, PA | Metro: Crawford County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP code 16422 are renters, indicating a predominantly owner-occupied market. This statistic is crucial for landlords considering investment in the area, as it suggests a lower demand for rental properties compared to other regions. $45,750 is the median income for this ZIP code, which is important for assessing the financial capability of potential tenants. Although the market rent and median home value are not available, the $990 Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a benchmark for rental pricing. Landlords should aim to keep their rents below this figure to remain competitive and attractive to tenants eligible for Section 8 subsidies. The lack of data on days on market (DOM) and price-cut share indicates either a stable housing market or limited activity, which could be due to the low renter share. For landlords and small-portfolio investors, the absence of fluctuation in property prices and rental rates can be seen as a positive sign, suggesting stability rather than volatility. However, the low renter share also implies that there might be fewer opportunities for rental investments. Given the $990 FMR and the $45,750 median income, landlords can expect that tenants qualifying for Section 8 will have limited disposable income beyond their rent payments. This makes it essential to manage costs efficiently and offer properties that meet the quality standards required by Section 8 without excessive luxury features that would increase maintenance expenses. In conclusion, while the overall economic environment in ZIP 16422 supports some rental investment opportunities, the extremely low renter share suggests a cautious approach. The Section 8 program remains viable, but with a focus on affordability and efficiency.
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.