Location: Crawford County, PA | Metro: Crawford County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 16433 reveals a unique balance between yield potential and market stability. With a Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026, compared to a market rent of $774, there is a clear opportunity for higher rental yields. This discrepancy suggests that properties leveraging the higher FMR can achieve a significant premium over typical market rates.
The median home value in ZIP 16433 stands at $189,842, which provides a solid foundation for investment. However, the relatively low percentage of renters at 12.4% indicates a less stable tenant base. In contrast, the median household income of $68,542 offers some assurance regarding tenants' ability to pay rent consistently.
The lack of available data on days on market (DOM) makes it challenging to assess how quickly properties might be rented out. Nonetheless, the combination of a higher FMR and a lower market rent suggests a scenario where landlords could potentially charge above-market rents, thus maximizing their yield. Yet, this strategy would need to be balanced against the risk posed by the low renter population, which may limit the pool of potential tenants willing to pay premium rents.
In conclusion, ZIP 16433 leans towards being a high-yield/low-stability market. The primary drivers of this classification are the significant gap between the FMR ($970) and the market rent ($774), along with the low percentage of renters (12.4%). For landlords and small-portfolio investors, this environment presents opportunities for substantial rental income but requires careful management to mitigate risks associated with tenant turnover and vacancy rates.
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.