Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 16656 stands out due to its unique characteristics among other areas. With only 1,148 residents, it has a rental rate of 10.8%, indicating that a relatively small portion of the population rents their homes. The median income in this area is $48,071, which is modest compared to many metropolitan regions. However, the median home value is significantly higher at $95,127, suggesting that homeownership is valued and possibly more affordable relative to incomes.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. This is notably above the current market rent of $718, as reported by the Census Bureau's American Community Survey (ACS). Landlords and small-portfolio investors should take note of this discrepancy, as it indicates a potential opportunity to increase rental income through the Section 8 program without exceeding the FMR limits.
The data signature for ZIP 16656 reads as stable. Despite the low number of renters, the difference between the FMR and the actual market rent provides a secure margin for landlords participating in the Section 8 program. This stability is further reinforced by the reasonable median income levels and the higher median home values, indicating a community that values property ownership and has a steady economic foundation.
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.