Location: Johnstown, PA | Metro: Johnstown, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
In ZIP code 16630, potential pitfalls for Section 8 landlords are evident. Tenant turnover is a significant risk, with the market rent at $663 falling below the Fair Market Rent (FMR) of $850 for fiscal year 2024. This discrepancy can lead to higher tenant churn rates as voucher holders seek properties that fully utilize their subsidy. Additionally, the vacancy exposure is heightened due to the lack of data on days on market (DOM), indicating uncertainty about how quickly rental units can be filled once they become available. The typical home value of $122,043 combined with a median income of $58,315 suggests a substantial deferred maintenance risk. Landlords must prepare for the possibility that tenants may not have the financial means to address significant property repairs, leaving such tasks to the landlord.
However, these risks are tempered by the high renter share of 30.3%, which typically correlates with a greater demand for housing vouchers. A larger proportion of renters often translates into a more robust pool of Section 8 tenants, reducing the likelihood of prolonged vacancies. The strong demand for subsidized housing can also mitigate the impact of lower market rents compared to the FMR, as landlords may still find it easier to attract and retain tenants despite the price gap.
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.