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 analysis of ZIP code 15351 reveals several key points that can guide real estate investment decisions.
The rent math in 15351 is nearly balanced. The Fair Market Rent (FMR) for the metro area, set at $970 for fiscal year 2026, aligns closely with the current market rent of $968 based on Census ACS data. This suggests that rental properties in this ZIP code will likely meet fair market standards without significant adjustments.
Regarding acquisition affordability, the data indicates that the median home value is currently listed as N/A. Similarly, the average days on market (DOM) and the percentage of homes requiring price cuts are also not available, which means there's insufficient data to make a clear assessment of these factors. Landlords should seek additional sources for detailed pricing trends and market conditions to determine if acquiring property in this area is financially viable.
Tenant demand in 15351 is strong. With a total population of 1,306, over half—specifically 52.9%—are renters. This high proportion of renters signals a robust market for rental properties, indicating that landlords can expect steady occupancy rates.
Verdict: While the rent math in ZIP 15351 works out well, with FMR and market rents being nearly identical, the lack of specific data on median home values, DOM, and price-cut shares makes it difficult to assess acquisition costs definitively. However, the strong tenant demand, driven by a majority renter population, supports the idea that rental investments in this ZIP code could be successful. Landlords should focus on securing properties at or below market value and ensure they maintain competitive rental rates to capitalize on the high demand for rentals in this area.
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.