Location: Clearfield County, PA | Metro: Clearfield County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
127241 In ZIP code 16881, the median home value stands at $127,241, indicating a relatively affordable market for both homeowners and investors. 843 The average market rent in this area is $843, as reported by the Census Bureau's American Community Survey. This figure is crucial for understanding the local rental demand and setting competitive prices. 1090 However, landlords should be aware of the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which is set at $1,090. This suggests that there is room for rent increases, especially if targeting tenants outside of the Section 8 program. 64 The renter share in ZIP 16881 is 6.4%, highlighting a smaller but still significant portion of the population that relies on renting. 66458 With a median income of $66,458, most residents can afford higher rents, making it an attractive location for landlords looking to maximize their returns. N/A The data does not provide specific figures for days on market (DOM) or the percentage of homes that have been price-cut, which could indicate either a stable market or a lack of recent listings. Given the available metrics, landlords and small-portfolio investors in ZIP 16881 can expect a solid, albeit moderately priced, rental market. The gap between the market rent and the FMR for Section 8 indicates potential opportunities for those willing to participate in the program. Section 8 verdict: Acceptable for participation, given the manageable FMR and strong local economy.
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.