Location: Crawford County, PA | Metro: Crawford County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 16111 is situated in an area where the population is 1,282, with 13.8% being renters. This indicates that the majority of residents are homeowners rather than renters, suggesting that the demand for rental properties, particularly those utilizing Section 8 vouchers, is relatively low. The median household income stands at $70,074, which provides a benchmark for evaluating the affordability of housing.
A market rent of $950 consumes approximately 1.35% of the median household income monthly. To put this into perspective, if we consider the annual median income, a monthly rent of $950 would represent about 16.2% of the yearly income. This ratio highlights that while the rent is affordable for the average household, it still represents a significant portion of their monthly budget.
The Fair Market Rent (FMR) for the metro area, set at $970 for fiscal year 2026, is slightly higher than the market rent observed in ZIP 16111. This suggests that landlords in this area might find themselves in a competitive position compared to other regions, where rents could be closer to the FMR.
In terms of the tenant profile landlords should anticipate, given the relatively low percentage of renters and the income levels, tenants relying on Section 8 vouchers will likely be a minority. Landlords can expect a mix of tenants who may have some financial assistance but are also capable of contributing a portion of their income towards rent. The typical tenant will be someone who values the affordability of the $950 rent compared to the median income but might also be seeking additional support to manage living expenses.
To conclude, ZIP 16111 is not heavily dominated by renters, nor does it have a deep pool of Section 8 voucher holders. Landlords should prepare for a tenant base that is somewhat financially stable but may still require rental assistance to comfortably live within the area. The income-to-rent ratio supports this conclusion, indicating that while the rent is manageable, it still constitutes a notable expense for most households.
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.