Location: Venango County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 16232 stands out in County due to its unique demographic and economic characteristics. With a population of 4,025 residents, 23.4% of whom rent their homes, it offers a modest but significant rental market. The median income in this area is $65,525, which places it above the national average, while the median home value sits at $150,652, indicating a relatively stable housing market.
The voucher economics in ZIP 16232 present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, whereas the current market rent, according to the Census American Community Survey (ACS), is $795. This discrepancy means that landlords can potentially increase their rental income by participating in the Section 8 program, aligning their rents with the higher FMR rate rather than the current market rate.
The data signature for ZIP 16232 suggests a stable environment. The modest rental market share and median income levels indicate a community where residents have a reasonable ability to pay rent, even if they are not fully subsidized by the FMR rates. The median home value also points to a market that has found equilibrium, without signs of rapid appreciation or depreciation that might suggest a transitional phase.
In conclusion, ZIP 16232 presents a viable investment opportunity for those interested in the Section 8 housing market. Landlords can leverage the higher FMR rates to improve their rental income streams, while the overall stability of the area provides a secure foundation for long-term investments.
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.