Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 16661 has a population of 944 residents, with only 5.8% identified as renters. This indicates that the area is predominantly a homeowner-dominated region rather than a renter-heavy zone. Given the low percentage of renters, it can be inferred that there is likely a scarcity of Section 8 housing vouchers in circulation.
The median household income in this ZIP code is $58,021. While the exact market rent is not specified, we can compare it to the Fair Market Rent (FMR) which is set at $990 per month for the fiscal year 2026 in the metro area. If we assume that the local market rent is similar to the FMR, then the typical rent would consume approximately 17% of the median household income. This calculation is derived from dividing the FMR by the median income ($990 / $58,021 * 100 = 1.71%).
The FMR of $990 provides a benchmark for rental costs in the area, suggesting that landlords should set their rents around this figure to remain competitive and within the range of affordability for those receiving housing assistance. It's important to note that the actual market rent could vary based on property condition, location within the ZIP code, and other factors, but using the FMR as a guideline helps ensure that properties are accessible to tenants with Section 8 vouchers.
In terms of the expected tenant profile, landlords in ZIP 16661 should anticipate working with individuals who rely on government subsidies to cover a significant portion of their rent. These tenants will have their rent contributions capped at 30% of their adjusted income, plus utilities if applicable. The rest of the rent will be covered by the housing authority up to the FMR limit. Given the homeowner-dominated nature of the area, competition for rental properties among voucher holders may be less intense compared to more urban areas with higher percentages of renters.
To summarize, while ZIP 16661 is not heavily populated with renters, landlords can still attract tenants using Section 8 vouchers. However, they should be prepared for a lower volume of such applications and ensure their rental rates align closely with the FMR to facilitate the voucher process for potential tenants.
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.