Location: Clarion County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The median income in ZIP code 16214 stands at $57,521, which places significant constraints on the ability of households to afford the market rate rent of $859 per month (as reported by the Census ACS). This means that a substantial portion of the population may struggle to pay market rates without financial assistance.
In contrast, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $1,060. This figure represents the maximum amount that a household receiving a housing voucher would be required to pay, making it a critical benchmark for affordability. The difference between the market rate ($859) and the FMR ($1,060) highlights a notable affordability gap, suggesting that many renters may find it difficult to secure housing without subsidies.
With 51.1% of the 8,494 population being renters, the competition among landlords is likely to be fierce. Many landlords will have to consider offering rents closer to the voucher payment standard to attract tenants who might otherwise be priced out of the market. This scenario presents a challenge for landlords seeking to maximize their rental income but also an opportunity for those willing to accept vouchers.
The takeaway for landlords considering voucher versus cash-pay strategies in ZIP 16214 is clear: accepting vouchers can be a viable option given the high percentage of renters and the median income levels. While it may mean setting rents slightly below the market rate, it ensures a steady stream of tenants and can help fill vacancies more quickly. For landlords focused solely on cash-pay tenants, they must balance the need for higher rents against the risk of leaving units vacant due to the affordability gap.
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.