Location: Greene County, PA | Metro: Greene County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 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 Fair Market Rent (FMR) for ZIP code 15316, set at $1,100 for the metro area fiscal year 2026, is a critical figure for landlords and small-portfolio investors interested in Section 8 rentals. This FMR represents the maximum amount that the Housing Choice Voucher program will pay towards a tenant's rent. It is not the rent you can charge, but rather the benchmark for the subsidy.
In ZIP 15316, the local market rent is currently not available, which makes the FMR an even more important reference point. However, given the national average and regional trends, it's reasonable to expect the local market rent to be slightly higher than the FMR, as is often the case.
The 6.1% renter share indicates that a significant portion of the population in ZIP 15316 relies on renting their homes. This statistic points to a steady demand for rental properties, particularly those that qualify under the Section 8 program. With a substantial number of renters, there is likely a consistent pool of potential tenants who could benefit from the voucher system.
Regarding acquisition costs, the data does not provide a specific percentage for ZIP 15316. Typically, acquisition costs can vary widely based on property type, condition, and location. For a landlord, it's essential to understand these costs to ensure profitability. The 6.1% renter share suggests that acquiring a rental property might be competitive due to high demand.
Before proceeding with a Section 8 rental in ZIP 15316, verify that your property meets all the necessary requirements for the Housing Choice Voucher program. This includes ensuring that the rent you charge does not exceed the FMR of $1,100 and that the unit passes a housing quality standards (HQS) inspection. These steps are crucial for avoiding any delays or disqualifications once you have tenants lined up.
The $1,100 FMR is a key consideration for profitability. Landlords must calculate the gap between this amount and the actual market rent to determine if they can cover maintenance, taxes, insurance, and other expenses while still making a profit. Given the lack of specific local market rent data, use the FMR as a starting point for negotiations with the local housing authority.
Investing in a Section 8 rental in ZIP 15316 can be a stable choice, thanks to the guaranteed income from the government and the strong demand for affordable housing. However, profitability will depend on your ability to manage costs effectively and negotiate fair rents with the housing authority.
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.