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 real estate market in ZIP code 16821 presents a unique set of dynamics that will shape the next 12-24 months for both landlords and small-portfolio investors. With the median home value currently unspecified, it's critical to focus on other key indicators to gauge future trends.
The fact that a significant percentage of listings have been reduced signals a shift towards a buyer's market. Sellers are lowering their asking prices to remain competitive, indicating that demand may not be matching supply at current price levels. This reduction in listing prices can also influence rental markets, as landlords might face downward pressure on rents if potential buyers are looking for more affordable options.
The median days on market (DOM) being unspecified suggests variability in how quickly homes are selling. A high DOM could imply a slower market, which would further support the idea of reduced pricing power. However, without specific figures, we cannot definitively conclude the speed at which properties are turning over.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. Comparing this to the unspecified current market rate for ZIP 16821 provides insight into potential rental adjustments. If the current market rent is below $980, there may be an opportunity for modest increases as the market aligns with FMR guidelines. Conversely, if the current market rent exceeds $980, landlords might need to consider reducing rents to match the anticipated FMR, thus maintaining occupancy rates.
For long-term investors, the setup implies a cautious approach to appreciation. Given the lack of specified appreciation data, it's prudent to assume that the market in ZIP 16821 is unlikely to experience significant growth in property values over the next few years. The combination of reduced listings and the potential alignment of rents with FMR suggests that the market is stabilizing rather than expanding rapidly. Long-hold investors should focus on steady cash flow from rentals rather than expecting substantial capital gains.
In summary, the data points toward a balanced market where pricing power is shifting slightly towards buyers and renters. Landlords and small-portfolio investors should prepare for modest adjustments in rental rates and be ready to compete on price when selling properties. The absence of strong appreciation signals means that investment strategies should prioritize consistent income generation over rapid asset appreciation.
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.