Location: Clarion County, PA | Metro: Clarion County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The median income in ZIP code 16334 stands at $71,875, which provides a solid foundation for understanding the local rental market dynamics. At a market rate of $594 per month (as reported by the Census ACS), renting in this area is relatively affordable for the average household. However, when comparing this figure to the voucher payment standard of $970 (FMR for metro FY 2026), it becomes evident that there is a significant disparity between what the market offers and what voucher recipients might be able to afford.
This gap suggests that landlords in ZIP 16334 could face stiff competition from other property owners who accept lower rents due to the limited number of renters—only 23.2% of the 453 population. The affordability issue means that many renters may struggle to find housing that fits their budget without assistance, leading to a higher demand for properties that offer more affordable rates or accept vouchers.
For landlords considering their strategy, accepting voucher payments could provide a steady and reliable source of income, albeit at a higher rate ($970) than the current market rate ($594). This approach would cater to those who require financial assistance, potentially securing long-term tenants. On the other hand, focusing on cash-paying tenants might allow for greater flexibility but could limit the pool of potential renters given the income levels and the high cost of voucher-based rentals.
The takeaway is clear: landlords should weigh the benefits of accepting vouchers against the challenges of finding cash-paying tenants willing to pay closer to the FMR. By doing so, they can make informed decisions that align with both their financial goals and the needs of the local rental market.
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.