Location: Greene County, PA | Metro: Greene County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 15349 profiles as a moderate renter-heavy area with significant potential for Section 8 tenants. With 23.7% of the population renting, there is a notable demand for rental properties. The total population stands at 1,498, providing a reasonable pool of potential tenants.
The median household income in this ZIP is $68,125, which contrasts with the average market rent of $693. This indicates that the typical rent consumes approximately 12.4% of the median income, calculated as ($693 / $68,125) * 12 months = 12.4%. This percentage suggests that the rent is relatively affordable for most residents, making it easier for landlords to attract tenants who can afford the rent without heavy reliance on subsidies.
However, the comparison to the Fair Market Rent (FMR) of $970 highlights an interesting dynamic. The FMR, set for fiscal year 2026, is significantly higher than the actual market rent, indicating that there could be a substantial number of tenants eligible for Section 8 vouchers due to the discrepancy between local rents and the FMR threshold. Landlords in this area should be prepared to accommodate tenants using vouchers, as the lower market rent compared to the FMR suggests a higher likelihood of voucher usage.
A landlord in ZIP 15349 can expect a tenant profile that includes a mix of individuals and families who may rely on Section 8 vouchers to cover their rent. These tenants will likely have incomes below the median, necessitating assistance to afford housing. Given the affordability of the market rent relative to the median income, landlords might also attract some tenants who do not require vouchers but still benefit from the lower-than-average rental costs. The key for landlords is to understand the local rental market dynamics and the role of Section 8 vouchers in providing access to housing for those with limited financial means.
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.