Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 16620 reveals a unique balance between yield potential and market stability, making it an interesting target for both high-yield seekers and those looking for steady cash flow. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,350, which is notably higher than the market rent of $1,292. This indicates that properties in this ZIP code could potentially outperform the local market when it comes to rental yields.
However, the stability metrics paint a slightly different picture. With only 18.1% of residents being renters, the demand for rental properties is relatively low compared to areas with a higher percentage of renters. Additionally, the median household income stands at $57,857, which suggests that while there is some financial capability among the population, it may not be robust enough to support a highly volatile market.
The lack of data on days on market (DOM) means we cannot definitively assess how quickly properties are typically rented out. However, combining the available information, ZIP 16620 does not fully align with the characteristics of a high-yield/low-stability 'flip-style' market. Instead, it presents itself more as a middle-ground opportunity where the potential for above-average rental income exists, but the market's stability and the relatively low percentage of renters indicate a need for careful management and possibly longer-term investment strategies.
To summarize, ZIP 16620 offers a moderate yield advantage over the local market, driven by the disparity between the FMR and the actual market rent. Its stability, however, is somewhat compromised by the low percentage of renters and unconfirmed rental speed, but bolstered by an average income level that supports a sustainable rental market. Therefore, it is best classified as a zone offering balanced opportunities for both yield and stability, requiring a nuanced approach from investors.
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.