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)
31.8% of residents in ZIP 16830 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which serves as a benchmark for rental pricing in the area. Comparatively, the actual market rent based on Census ACS data stands at $752, suggesting that landlords can potentially increase their rents to align closer with the FMR without losing tenants.
$132,410 is the median home value in ZIP 16830, reflecting the overall property values in the region. Given that the median income is $58,304, it's evident that many residents might find homeownership challenging, further supporting the demand for rental properties. The absence of data on days on market (DOM) and the 0.1% price-cut share indicate that the rental market is stable, with few properties needing to be discounted to attract tenants.
The $970 FMR for Section 8 vouchers provides a clear guideline for landlords looking to participate in the program. This amount ensures that landlords receive a fair rental income while still making housing affordable for low-income families. The gap between the FMR and the current market rent of $752 also presents an opportunity for landlords to adjust their rental rates upwards, especially if they aim to attract tenants with Section 8 vouchers.
In conclusion, the data points towards a favorable environment for landlords and small-portfolio investors in ZIP 16830. The high renter share and stable rental market suggest consistent demand for rental properties. Participation in the Section 8 program, with its guaranteed $970 FMR, offers a reliable source of income for landlords willing to accept vouchers.
Verdict: Accepting Section 8 vouchers is a sound investment strategy in ZIP 16830.
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.