Location: Warren County, PA | Metro: Warren County, PA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $89,009 | 1.13% | B |
| 3BR | $1,360 | $120,237 | 1.13% | B |
U.S. Census Bureau data (2024)
The ZIP code 16313, encompassing Clarendon, PA, stands as a market in motion, defined by the interplay between its Fair Market Rent (FMR) and actual market rents. The FMR for the area, set at $970 for the fiscal year 2026, reflects a benchmark established by HUD for determining eligibility and payment standards for housing assistance programs. In contrast, the Census ACS data reveals a market rent of $692. This discrepancy suggests that while government-set rental values are higher, the actual rental market is more affordable, indicating potential underutilization of rental subsidies or a broader trend of affordability.
The median home value in ZIP 16313 is $90,070. Although there's no direct time-series data available, we can infer from the snapshot that the local real estate market may be experiencing a balance between supply and demand, leaning slightly towards supply outpacing demand. This inference is drawn from the gap between FMR and market rent, which hints at a competitive rental environment where landlords might be adjusting their prices to attract tenants.
The 14.4% renter share of the population provides insight into the long-term housing pressures. A lower renter share often points to a community where homeownership is more prevalent, potentially reducing immediate rental demand. However, it also implies a steady need for rental properties to accommodate those who prefer or require renting, such as young professionals, students, or individuals transitioning between homes. This dynamic ensures a consistent but not overwhelming demand for rentals, supporting stable market conditions.
Despite the lack of specific data on price-cut shares and days on market (DOM), the overall picture indicates a market that is moving towards equilibrium. Landlords and small-portfolio investors should consider these factors when evaluating the potential for rental income and property appreciation in Clarendon, PA. The affordability of both rents and home values presents an opportunity for investors to engage in a market that supports both renters and buyers, fostering a diverse and resilient housing ecosystem.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.