Location: Potter County, PA | Metro: McKean County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 16743 presents a unique set of conditions that suggest a nuanced approach for both landlords and small-portfolio investors. With a median home value of $123,815, the area remains relatively affordable compared to many other markets across the country. However, the absence of percentage data on listings that have been reduced and the median days on market (DOM) indicates a stable market where neither significant increases nor decreases in home values are anticipated over the next 12-24 months.
The current market rent in ZIP 16743 stands at $770, according to Census ACS data, while the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $1,030. This gap between the current market rent and the future FMR suggests a potential upward trend in rental prices, which could benefit landlords and investors holding properties for the long term. The increase in FMR implies that the demand for rental housing in the area may rise, driving up rents as supply tightens.
For long-hold investors, the setup in ZIP 16743 offers a realistic appreciation thesis. The stable home values coupled with the expected rise in rental prices indicate that the area may experience steady growth rather than sharp fluctuations. Investors can expect their property values to maintain their current levels or appreciate gradually over time, aligning with broader economic trends and the local real estate market's stability.
However, it is important to note that the lack of specific data on reduced listings and median DOM does not provide a complete picture of the market's liquidity or the pace at which homes are being sold. This stability in pricing power, combined with the potential for higher rental income, makes ZIP 16743 a viable option for those looking to invest in a market with low risk and modest returns.
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.