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 15380 reveals several key points that landlords and small-portfolio investors should consider before making investment decisions.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the Greene County, PA metro area for fiscal year 2026 is set at $970, while the current market rent as per the Census ACS stands at $625. This indicates a significant gap between what the government deems fair and the actual market rates, suggesting that landlords may need to adjust their expectations if they aim to align with the FMR. However, operating at the current market rate could still be profitable depending on operational costs.
Moving on to the affordability of acquisition, the data shows that the median home value is not available, nor is the average number of days on the market (DOM) or the percentage of homes needing price cuts. Without these specific figures, it's challenging to provide a detailed assessment of how affordable property acquisition might be. Investors will need to look into other sources for more detailed local real estate pricing trends.
Regarding tenant demand, the ZIP code has a population of 730 individuals, with 17.3% being renters. This means approximately 126 residents are looking for rental properties. Given the small population size, the pool of potential tenants is limited, which could impact occupancy rates and the overall viability of rental investments.
In conclusion, while the rent math suggests that there is room for adjustment towards higher rents, the lack of specific data on median home values and market conditions makes it difficult to assess the ease of acquiring properties. Furthermore, the limited tenant demand due to the small population size poses a challenge. Landlords and investors must weigh these factors carefully and possibly seek additional local insights before proceeding with investments in ZIP 15380.
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.