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 16863 reveals a market that leans towards a steady cash flow zone rather than a high-yield/low-stability flip-style market. This classification is driven by several key figures.
Firstly, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $990, which is significantly higher than the market rent of $446. This indicates a strong potential for rental income, making it attractive for landlords and small-portfolio investors seeking reliable cash flow. The difference between the FMR and the actual market rent suggests there is room for modest increases in rental rates without pricing out potential tenants.
Secondly, the median home value of $127,211 is relatively low, indicating that the area is not particularly expensive, which can be advantageous for those looking to purchase properties for rental purposes. However, this also means that the potential for capital appreciation might be limited compared to higher-value markets.
Stability is another critical factor. With only 11.2% of residents being renters, the occupancy rate could be less stable than in areas with a higher percentage of renters. Nevertheless, the average daily days on market (DOM) is not available, which might indicate that listings are typically occupied within a reasonable timeframe. Additionally, the median household income of $66,071 provides insight into the economic health of the area. While not exceptionally high, this income level supports the current market rent of $446, suggesting that tenants have the financial capacity to pay their rent regularly.
To summarize, ZIP 16863 is best categorized as a steady-cashflow zone. The disparity between the FMR and market rent, along with the low median home value, points towards a market where rental income is consistent and predictable. The lower percentage of renters does introduce some instability, but the manageable income levels suggest that this risk is mitigated. Landlords and small-portfolio investors should expect moderate yields with a reasonable level of stability in this area.
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.