Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The ZIP code 16619 presents several challenges for landlords considering Section 8 investments. Tenant turnover can be a significant issue when comparing the market rent, which is currently unavailable, to the $850 Fair Market Rent (FMR) for fiscal year 2024. This discrepancy suggests that landlords might face difficulties retaining tenants who are accustomed to the subsidized rates.
Vacancy exposure is another concern. The days on market (DOM) figure is also not available, but this implies uncertainty regarding how quickly properties can be rented out. Given the absence of data on typical home values, it's difficult to gauge the financial impact of deferred maintenance. However, the median household income in the area is $85,357, which could indicate that some residents might have the means to cover higher rents, reducing the reliance on Section 8 vouchers.
Despite these risks, there is a high concentration of renters in ZIP 16619, with 9.4% of the population being renter-occupied. High renter density often correlates with increased demand for housing vouchers, making it easier for landlords to find qualified tenants through the Section 8 program. This robust tenant pool can mitigate some of the risks associated with vacancy and turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.