Location: Greene County, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $83,860 | 1.3% | A |
| 3BR | $1,330 | $121,531 | 1.09% | B |
U.S. Census Bureau data (2024)
The ZIP code 15322, located in Clarksville, PA, presents a unique balance between yield and stability that can be advantageous for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1060, while the average market rent stands at $846. This discrepancy indicates a potential for higher rental yields if properties are leased at or near the FMR. However, the median home value in the area is $97,974, which is considerably lower than the FMR, suggesting that property acquisition costs might not be as high as in other areas.
On the stability axis, the ZIP code reveals a mix of positive and negative indicators. With only 12.9% of the population being renters, the market has a relatively low demand for rentals. This could lead to increased competition among landlords and potentially longer vacancy periods, impacting the overall stability of cash flow. Additionally, the median household income is listed at $87,635, which is above the national average and suggests that residents have the financial capability to sustain rental payments. However, the lack of data on days on market (DOM) makes it difficult to assess the speed at which rental units are typically filled, adding an element of uncertainty to the stability analysis.
Given these factors, ZIP 15322 does not clearly fit into a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it falls somewhere in between. The potential for higher rental yields due to the disparity between FMR and market rent is attractive. Yet, the low percentage of renters and incomplete DOM data imply a less stable environment compared to areas with higher rental demand. For investors, this means that while there is room for profit, careful consideration must be given to tenant selection and property management strategies to ensure consistent cash flow.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.