Location: Greene County, PA | Metro: Greene County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 15315 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $1,360 per month for fiscal year 2026. Since there is no local market rent data available for comparison, we will focus on the SAFMR figure.
A landlord participating in the Section 8 program receives payments from the Housing Choice Voucher program, which covers a significant portion of the rent. However, the actual amount paid depends on the tenant's portion and any utility allowances. Here’s how it works:
To illustrate, if a tenant's 30% contribution is $400, the voucher would cover the remaining $960 to reach the SAFMR of $1,360. It’s important to note that the total rent cannot exceed the SAFMR regardless of the tenant's ability to pay more. Therefore, landlords should ensure their rental rates are competitive yet realistic within this limit.
The typical reimbursement gap or surplus for a two-bedroom unit in ZIP 15315 is determined by comparing the SAFMR to the actual rent charged. If the rent is lower than $1,360, the landlord will receive the full rent plus any additional utility allowances, creating a surplus. Conversely, if the landlord charges exactly $1,360, there is no gap or surplus, as the voucher covers the entire rent. Any rent above $1,360 must be paid by the tenant, which could pose financial difficulties and affect occupancy rates.
In summary, landlords in ZIP 15315 can expect a steady stream of income from Section 8 vouchers, provided they keep their rents within the SAFMR limits. The reimbursement structure ensures that landlords receive the SAFMR amount, minus the tenant’s contribution, leading to a predictable economic model for those who participate in the program.
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.