Location: Warren County, PA | Metro: Warren County, PA
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 16329 is not predominantly a renter-heavy area. With only 7.7% of the population renting, it indicates that homeownership is more prevalent in this region. The total population stands at 441, making it a small community where rental properties play a minor role.
Given the median household income of $64,250, typical market rents are not specified in the data provided. However, we can compare this income level to the Fair Market Rent (FMR) of $970, which is set for the fiscal year 2026. This FMR represents the estimated amount needed for low-income families to afford decent housing in the metro area without paying more than 30% of their adjusted income on housing costs.
To understand how much of the local income goes towards rent, let's assume a 30% threshold. A family earning the median income would allocate approximately $1,927.50 per month towards housing costs. If the FMR of $970 reflects the average rent, then the typical rent consumes about 16.2% of the median monthly income, which is relatively low. This suggests that even without vouchers, many residents could afford the average rent.
In terms of voucher demand, the scarcity of renters in the area implies that there may be limited demand for Section 8 vouchers. Landlords in ZIP 16329 should prepare for a tenant pool that is likely to consist of individuals or families who might benefit from lower-cost housing options but are also capable of contributing a portion of their own income towards rent. These tenants will likely be seeking affordable housing solutions and may have a preference for properties that offer value for money.
The kind of tenant profile a landlord should expect includes those who are financially stable enough to contribute a significant portion of their income towards housing but still rely on assistance programs to meet their needs. While the voucher demand might be lower due to the smaller percentage of renters, landlords should still be prepared to handle the administrative aspects of working with Section 8 tenants, including background checks and income verification processes.
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.