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 analysis of ZIP code 16861 reveals a unique balance between yield potential and market stability. The Fair Market Rent (FMR) for the area stands at $980 for the fiscal year 2026, which is the key figure for understanding rental yield in this region. However, the lack of specific market rent and home value data limits a comprehensive comparison, but it suggests that there might be an opportunity for higher-than-average rental yields if the market rent is below the FMR.
In terms of stability, the data indicates that only 1.2% of the population are renters, which points towards a less dynamic rental market. This low percentage of renters could imply that the majority of residents own their homes, making it a challenging environment for landlords to find tenants. Additionally, the absence of data on days on market (DOM) for rentals further complicates the assessment of how quickly properties can be leased, though it's generally understood that a lower percentage of renters correlates with slower leasing periods.
The median household income of $21,949 is another critical factor. This relatively low income level suggests that tenants might be particularly sensitive to rent increases, which could impact the ability to raise rents over time. It also implies that the area may have a higher concentration of households relying on housing assistance programs such as Section 8, which can provide a steady stream of income but comes with regulatory constraints and potentially lower vacancy rates.
Given these figures, ZIP 16861 does not fit neatly into a high-yield/low-stability category typical of flip-style markets. Instead, it presents characteristics more aligned with a steady-cashflow zone, albeit with some caveats. The FMR of $980 provides a reliable benchmark for rental pricing, ensuring a predictable revenue stream. However, the low percentage of renters and median income level indicate a need for careful management to maintain occupancy and comply with housing assistance regulations. This makes the area suitable for landlords who are willing to manage properties long-term rather than seeking quick flips.
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.