Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 16855 presents an interesting scenario for landlords and small-portfolio investors interested in Section 8 tenants. With a total population of 172 residents, it is important to note that only 11.3% of these individuals are renters, indicating a predominantly homeowner-dominated area. This suggests that the demand for rental properties using Section 8 vouchers is likely to be lower compared to areas with higher percentages of renters.
Despite the low percentage of renters, the median household income of $71,667 provides context on the financial capabilities of potential tenants. However, without specific data on market rents for this ZIP code, we cannot accurately determine what percentage of local income goes towards paying typical rent. To provide a comparative analysis, we can look at the Fair Market Rent (FMR) which is set at $1,130 for FY 2026 in the metro area. Assuming similar conditions, a tenant earning the median household income would spend approximately 18.3% of their monthly income on rent if they were to pay the FMR. This figure is calculated based on the assumption that the median income is evenly distributed throughout the year.
The kind of tenant profile landlords in ZIP 16855 should expect is one who relies heavily on government assistance due to the limited depth of the voucher demand. These tenants will likely have a significant portion of their income allocated towards housing expenses, making them particularly sensitive to rent increases and cost-of-living adjustments. Landlords should prepare for tenants who require a stable and affordable living situation, possibly with additional support services.
In conclusion, while ZIP 16855 does not present a high concentration of renters, the presence of Section 8 voucher holders can still offer a steady stream of tenants. The key for landlords is to understand the balance between the income levels of potential tenants and the affordability of rents within the context of government assistance programs. This understanding will be crucial in managing expectations and setting appropriate rental policies.
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.