Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 16645 in metro FY 2026 is set at $1,000. This figure represents the payment standard under Section 8, which is the amount the government will pay on behalf of eligible tenants. It's important to note that this is not the total rent you can charge; it's the maximum amount the housing authority will contribute.
While there is no specific local median rent provided for comparison, the FMR serves as a benchmark for determining whether your property qualifies for the Section 8 program. If your property's market value is close to or below this $1,000 threshold, it is likely to be accepted into the program.
The renter share of income in the area is 4.3%, indicating that a significant portion of residents rely on rental assistance to cover their housing costs. This suggests a high demand for affordable housing options, particularly those that accept Section 8 vouchers.
Regarding acquisition costs, the data does not provide a specific median home value for ZIP 16645. However, if you are purchasing a property to convert into a rental unit, the 4.3% renter share implies that you should consider the long-term benefits of having a stable tenant base over the immediate returns from selling the property.
Before proceeding with your first Section 8 rental, ensure your property meets all the necessary maintenance and safety standards. The housing authority conducts regular inspections to confirm that the living conditions comply with their requirements. Failure to meet these standards could result in penalties or loss of participation in the program.
In summary, the $1,000 FMR in ZIP 16645 signals a moderate demand for affordable rentals and sets the ceiling for government payments. With a 4.3% renter share, you can expect steady interest from potential tenants. Verify that your property meets all required standards to avoid any issues down the line.
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.