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)
14.0% of the residents in ZIP code 16858 are renters, indicating a moderate demand for rental properties. The $723 market rent figure, derived from Census ACS data, suggests that landlords can expect this average monthly rent from tenants in the area. However, the $980 Fair Market Rent (FMR) for the metro area in fiscal year 2026 signals a higher potential rent for Section 8 eligible units, providing an opportunity for landlords to adjust their pricing strategies accordingly. This difference between market rent and FMR can be leveraged to attract Section 8 tenants while still ensuring profitability.
$157,664 is the median home value in ZIP 16858, which is relatively stable and indicates a steady housing market. The $56,655 median income figure highlights the economic status of the area's residents, suggesting that they might find it challenging to afford homes above the median value without assistance. Given this context, the availability of Section 8 vouchers can significantly impact the affordability of housing for low-income families, making these properties more accessible.
The absence of specific data on days on market (DOM) and the percentage of price-cut shares does not provide insights into the speed of property sales or the frequency of price adjustments. Nonetheless, the combination of the median home value and median income figures points towards a need for affordable housing solutions. Landlords and small-portfolio investors should consider the benefits of accepting Section 8 vouchers, as it can stabilize occupancy rates and ensure a consistent income stream.
In conclusion, the data paints a picture where Section 8 eligibility can serve as a valuable tool for both tenants and landlords. With a median income of $56,655 and a market rent of $723, the $980 FMR offers a competitive advantage. Accepting Section 8 vouchers is a sound investment strategy for ZIP 16858, given the moderate renter share and the economic conditions of the area.
Verdict: Accepting Section 8 vouchers is a financially prudent decision for landlords in ZIP 16858.
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.