Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 16616 in the metro area for fiscal year 2026 is set at $1,040. This figure represents the payment standard for Section 8 housing vouchers, which means it is the maximum amount that the government will pay towards your tenant's rent. However, this does not dictate the actual rent you can charge; it merely sets an upper limit on the government subsidy.
In comparison, the average rent for the same ZIP code is $1,083, according to recent Census American Community Survey (ACS) data. This indicates that landlords participating in the Section 8 program might have to slightly adjust their rents to align with the FMR, but the difference is minimal.
The renter share in ZIP 16616 is 27.9%, which suggests a steady demand for rental properties. Given this percentage, there are enough potential tenants who rely on housing vouchers to fill your units if you decide to participate in the Section 8 program.
Regarding the acquisition cost of properties in this ZIP code, the data is marked as N/A, implying that specific figures are not available. However, this does not affect the decision to enter the Section 8 market directly. What matters more is ensuring that the rent you charge, when combined with the tenant's contribution, covers your costs and provides a reasonable profit margin.
Before committing to a Section 8 rental property, verify that the property meets all inspection criteria. The Housing Quality Standards (HQS) inspection is mandatory, and passing it is non-negotiable. This inspection ensures that your property is safe, decent, and sanitary, and failure to meet these standards can result in penalties or disqualification from the program.
To summarize, the FMR of $1,040 is the government's payment cap, while the average rent of $1,083 gives you a benchmark for setting your own rates. With a 27.9% renter share, demand for Section 8 properties is solid. Ensure your property passes the HQS inspection to avoid complications and to guarantee compliance with the program requirements.
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.