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 market analysis for Section 8 investors targeting ZIP code 16847 in Clearfield County, Pennsylvania, reveals a unique opportunity within the rental market. The HUD Fair Market Rent (FMR) for the Clearfield County metro area, effective for fiscal year 2026, stands at $980 per month. This figure represents the baseline payment standard for voucher holders in the region.
Unfortunately, specific data regarding the current market rent for ZIP 16847 is unavailable. However, based on the HUD FMR, it's evident that voucher tenants would generally cashflow at this rate, assuming the local market rent does not significantly exceed the FMR. In areas where market rents are close to or below the FMR, landlords can expect stable cashflows without the need for premium units.
The median home value for the ZIP code is also not available, which complicates deriving an accurate rent-to-price ratio. Typically, this metric helps investors understand the relative affordability of renting versus buying. Without this data, we cannot provide a precise comparison; however, the lack of significant fluctuations in housing values suggests a stable real estate market.
Additional metrics such as the median days on market (DOM) and the percentage of homes that have been price-cut are also missing, making it difficult to fully assess the rent-versus-buy dynamics. These figures would typically indicate how quickly properties are selling and at what discounts, affecting the attractiveness of buying over renting.
In conclusion, the strongest investor angle for Section 8 investments in ZIP 16847 is likely to be cashflow. Given the established FMR of $980, landlords can expect to cover their costs and generate positive cash flow, especially if market rents do not substantially surpass this benchmark. Stability in the housing market further supports this investment strategy, ensuring consistent returns for small-portfolio investors.
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.