Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 16692 is poised for nuanced shifts over the next 12 to 24 months, influenced by a combination of factors including the median home value, listing reductions, and days on market (DOM). With a median home value of $109,151, the area presents an affordable entry point for both new and seasoned investors. The lack of percentage data for listings that have been reduced suggests stability in the housing market, indicating that sellers are holding firm on their prices or that there has been little fluctuation in recent times.
The median DOM being listed as N/A might imply that homes are selling relatively quickly, or it could suggest that the data is insufficient to provide a reliable trend. Either way, when combined with the median home value, it signals a market where pricing power remains with the seller. This scenario supports the notion that landlords and small-portfolio investors can maintain or even slightly increase their asking prices for properties without fear of significant inventory buildup.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,020, while the current market rent stands at $883 according to Census ACS data. This gap indicates a potential upward trajectory for rental rates in ZIP 16692. Landlords who adjust their rents closer to the FMR will likely find their properties remain competitive and attract tenants.
For long-term investors, the setup in ZIP 16692 implies a realistic appreciation thesis. The low median home value paired with stable listing conditions and positive rental dynamics suggests that property values are unlikely to decline significantly. Instead, they are likely to appreciate gradually over time, especially if local economic conditions improve or if there is an influx of new residents due to job creation or other factors. However, the appreciation rate will be modest, reflecting the area's affordability and the broader economic environment.
In summary, the data points towards a market where landlords and small-portfolio investors can leverage their pricing power effectively. By maintaining or slightly increasing property values and aligning rental rates with the projected FMR, investors can ensure steady returns and gradual asset appreciation over the next 12 to 24 months.
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.