Section 8 Fair Market Rent (FMR) for ZIP 15362 - 2027
Location: Greene County, PA | Metro: Greene County, PA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$105,685
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{"url": "https://www.redfin.com/zipcode/15362/housing-market", "content": "Redfin Zip Code Housing Market Report\n\n### ZIP Code 15362 Housing Market Overview\n\n**Median Home Value**: $247,900\n\n**Median Listing Price**: $245,000\n\n**Median Days on Market (DOM)**: 31 days\n\n**Price Cut Share**: 3.4%\n\n**Median Income**: $105,685\n\n**Renter Share**: 13.4%\n\n\n### Recently Sold Homes\n\n| Home | Price | Days on Market |\n| ---- | ----- | -------------- |\n| 123 Main St | $225,000 | 28 days |\n| 456 Elm St | $250,000 | 35 days |\n| 789 Oak St | $240,000 | 30 days |\n| 101 Pine St | $235,000 | 25 days |\n| 112 Maple St | $260,000 | 33 days |\n\n\n### ZIP Code 15362 Housing Market Analysis\n\nZIP Code 15362, located in Greene County, Pennsylvania, has a median home value of $247,900. The median listing price is $245,000, indicating that homes are generally listed at a price close to their actual value. The median days on market (DOM) is 31 days, which suggests that homes are typically sold relatively quickly. The price cut share is low at 3.4%, showing that sellers do not often have to lower their asking price to attract buyers. The median income in this area is $105,685, providing a stable economic base for both homeowners and renters. The renter share is 13.4%, meaning that a significant portion of the population chooses to rent rather than own. This trend makes ZIP 15362 attractive for investors looking to capitalize on the rental market.\n\n\n### ZIP Code 15362 Housing Market Outlook\n\nWith a median home value significantly below the Fair Market Rent (FMR) of $1,050 for the metro area in fiscal year 2026, ZIP Code 15362 presents a strong opportunity for investors seeking a cash-flow anchor. The difference between the FMR and the market rent of $519 indicates a substantial margin that can be used to cover operating costs and generate positive cash flow. Additionally, the low price cut share and median DOM suggest a robust and active market, where properties are likely to be sold at or near their asking price. This stability supports the investment thesis of using ZIP 15362 as a core part of a Section 8 portfolio strategy. The median income of $105,685 also provides assurance that tenants will be able to afford the rent, further reinforcing the cash-flow anchor potential of this ZIP code."}
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.