Location: Venango County, PA | Metro: Crawford 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 | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $200,996 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 16314 is situated in a suburban area characterized by a relatively small population of 5,188 residents. The community has a modest rental market, with only 14.6% of the population being renters. This indicates a predominantly owner-occupied environment where homeownership is valued. The median household income in this ZIP code is $70,389, suggesting a middle-class demographic. The median home value stands at $170,565, which is reflective of an affordable housing market.
Moving into the economic specifics of renting, the Fair Market Rent (FMR) for ZIP 16314 in fiscal year 2024 is set at $850. In comparison, the Census ACS reports the average market rent at $745. This discrepancy between the FMR and the actual market rent presents an opportunity for landlords and small-portfolio investors who can leverage the higher reimbursement rates offered by the Section 8 program to increase their profitability.
Considering the practical aspects for investors, ZIP 16314 is better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters suggests that there isn't a large demand for rental properties, making it less likely that aggressive renovations or improvements would significantly boost occupancy or rental rates. However, for those interested in hands-off management, the gap between the FMR and market rent provides a margin for profit without the need for extensive property modifications. Landlords can benefit from the steady income stream provided by the Section 8 program, given the favorable reimbursement rate compared to the local market rent.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.