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 |
To classify ZIP code 16873 in Unknown, PA, we need to analyze the available data points against the criteria of yield and stability. The yield is determined by the Fair Market Rent (FMR) which is set at $980 for the fiscal year 2026. However, there is no specific market rent or home value data provided for this ZIP code.
The stability of the market can be assessed through several indicators including the percentage of renters, the days on market (DOM), and the median household income. Unfortunately, these figures are also not provided for ZIP 16873.
Given the lack of detailed market-specific data, we must rely on the FMR as our primary indicator. With an FMR of $980, landlords can expect a rental income that aligns with what the government deems fair for the area. This suggests a moderate yield potential, as it is based on the metro average rather than a higher market rent figure.
In terms of stability, without specific percentages of renters or days on market, we cannot determine how stable the tenant turnover might be. Additionally, the absence of median household income data means we cannot assess the financial health of the residents and their ability to consistently pay rent.
Based on the limited data available, ZIP 16873 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. It is positioned somewhere in between, leaning towards a moderate-stability market due to the reliance on government-set rents rather than market-driven rates. Landlords should proceed with caution, as the unknown factors could significantly impact both the yield and stability of their investments.
To make a more informed decision, additional research into local rental trends, tenant demographics, and economic conditions would be necessary. This would provide a clearer picture of the actual market dynamics in ZIP 16873.
Data Sources: FMR data from HUD (2027).
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.