Location: Greene County, PA | Metro: Greene County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market in ZIP code 15346 presents an intriguing dynamic, particularly for those involved in Section 8 real estate. The Fair Market Rent (FMR) stands at $1,110, reflecting the fiscal year 2026 estimates for the broader metropolitan area. While specific data on market rent, days on market (DOM), and median home value are currently unavailable, the snapshot provided offers insights into the underlying housing pressures.
A key indicator of market movement is the 10.0% renter share. This figure suggests that a significant portion of the population in 15346 relies on rental properties, which can imply long-term housing pressure. When renters make up a notable percentage of the housing stock, it often indicates a need for affordable housing options, potentially driving demand for properties that qualify under Section 8 programs.
The absence of data on market rent and days on market leaves some questions unanswered regarding the immediate supply-demand balance. However, the fact that the FMR is specified while market rent is not could hint at a scenario where government-assisted rents are a more prominent feature of the local housing landscape. This would mean that the demand for subsidized housing is strong, possibly outpacing the supply of such units.
Moreover, the lack of a price-cut share percentage suggests that landlords and property owners in this area might be maintaining their rental prices without significant adjustments. This could indicate a relatively stable market where landlords are confident in their pricing strategies, even if they are aligned with the FMR set by the government.
In summary, ZIP 15346 appears to be a market characterized by a reliance on rental properties, especially those that offer affordable housing solutions. The demand for these types of units seems robust, which is crucial for landlords and small-portfolio investors looking to capitalize on the needs of the local population. Understanding these dynamics is essential for navigating the real estate opportunities in this area effectively.
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.