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 ZIP code 16843 is located in a rural setting, primarily encompassing parts of Venango County, Pennsylvania. This area is characterized by a small, close-knit community with a total population of just 165 residents. Notably, there are no reported renters within the ZIP code, indicating a predominantly owner-occupied environment. The median household income here stands at $43,365, reflecting a modest economic profile typical of rural areas.
Despite the lack of renters, it's important to consider the Federal Market Rent (FMR) for the broader metro area, which is set at $970 for fiscal year 2026. This figure represents the maximum amount that a landlord can charge a tenant who receives housing assistance through the Section 8 program. However, the absence of market rent data for ZIP 16843 suggests a limited rental market, making it challenging to compare the FMR against local rental prices.
Given the characteristics of ZIP 16843, it would be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low number of potential tenants and the absence of a significant rental market indicate that opportunities for active property management or rental market growth are limited. For landlords interested in minimal intervention and steady returns, Section 8 vouchers can provide a reliable source of income without the complexities often associated with managing properties in more dynamic markets.
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.