Housing market/Pennsylvania/ZIP 15424

ACS 2023 · FY2027 SAFMR

ZIP 15424 Confluence, Somerset County, Pennsylvania

Somerset County, PA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
2,059
Households
954
Median HH income
$48,125
Renter share
23.0%
Median gross rent
$700
Vacancy
42.6%
Pop. change
-0.7%
2BR SAFMR
$1,070
SAFMR / rent
1.529×
2–49 unit stock
121
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 15424 · PA — sent to you.

ZIP 15424 · PA

ACS median rent$700
2BR SAFMR$1,070
90% floor$963
110% ceiling$1,177

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 15424

  • 1-unit detached1,19972.2%
  • 1-unit attached110.7%
  • 2–4 units865.2%
  • 5–49 units352.1%
  • Mobile33019.9%
TypeUnitsShare
1-unit detached1,19972.1%
1-unit attached110.7%
2 units (duplex)90.5%
3–4 units774.6%
5–9 units40.2%
10–19 units201.2%
20–49 units110.7%
50+ units00.0%
Mobile33019.8%

2–4 unit share 5.2% · 5–49 unit share 2.1% · combined 2–49 7.3%.

Units by bedrooms

Studio
42
1BR
143
2BR
567
3BR
694
4BR
184
5+
33

Rent burden

Rent ≥30% of income45.7%
Rent ≥50% of income15.5%
  • ACS median gross rent $700 (all bedrooms, occupied rentals).
  • Median contract rent $466.
  • Renters paying ≥30% of income 45.7%; ≥50% 15.5%.
  • FY2027 2BR SAFMR $1,070 (1.529× ACS median gross rent).

Population

2,059 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 15424 23.0% of occupied households are renters; vacancy is 42.6%; ACS median gross rent is $700; population changed -0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 86 units in 2–4-unit structures and 35 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,070 versus ACS median gross rent of $700. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Pennsylvania research

ZIP 15424 is a Census / HUD profile for Somerset County, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 15424?

ZIP 15424 (Somerset County, PA) has 2,059 residents, 954 households, a renter share of 23.0%, median household income of $48,125, and ACS 2023 median gross rent of $700. Vacancy is 42.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 15424?

ACS counts 9 units in 2-unit buildings, 77 in 3–4 unit buildings, 4 in 5–9, 20 in 10–19, and 11 in 20–49. Combined 2–49 unit stock is 121 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 15424?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,070. See the full schedule and 90–110% payment-standard band on the ZIP 15424 — Confluence, PA HUD Section 8 Payment Standards / SAFMR.

Does this Pennsylvania ZIP profile include Georgia listings?

No. ZIP 15424 is Census / HUD research for Somerset County, PA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.