Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 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 Federal Housing Administration (FHA) Fair Market Rent (FMR) for ZIP code 16876 in metro FY 2026 is set at $1,100. This figure represents the payment standard, which is the amount that the government will pay towards a tenant's rent under the Section 8 program. It does not represent the total rent you can charge your tenants.
To understand the potential profitability of a Section 8 rental in this area, compare the FMR to the average rent reported by the Census Bureau’s American Community Survey (ACS), which is $950. This means that the government's payment standard is higher than the typical market rent, providing a solid baseline income for your property.
The 14.3% renter share indicates that nearly one out of every seven residents in ZIP 16876 are renters. This suggests a moderate level of demand for rental properties. However, it is important to note that the specific demand for Section 8 housing might be different due to factors such as availability and tenant preferences.
Regarding the acquisition cost of a rental property in ZIP 16876, the data shows it as N/A, which could mean that there is limited public information on property values or that the data is not available. Before making an investment, it is crucial to research local property listings and consult with real estate professionals to get a clear picture of the costs involved.
A key consideration when entering the Section 8 market is to verify that your property meets all the necessary requirements for the program. These include safety, health, and structural standards. The government conducts regular inspections to ensure compliance, and failing to meet these standards can result in penalties or loss of eligibility for the program.
In summary, the FMR of $1,100 provides a reliable income stream through government payments, which exceed the typical market rent of $950. With a 14.3% renter share, there is a reasonable demand for rental properties, though the specific demand for Section 8 housing must be assessed separately. Ensure your property complies with all Section 8 standards to avoid issues and to maximize the chances of securing long-term, stable tenancy.
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.