Location: Venango County, PA | Metro: Venango 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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $780 | $100,746 | 0.77% | D |
| 2BR | $1,020 | $134,061 | 0.76% | D |
| 3BR | $1,280 | $203,602 | 0.63% | D |
| 4BR | $1,440 | $230,045 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 16374, located in Kennerdell, PA, presents an interesting scenario for both renters and landlords. The median income in this area stands at $57,829, while the market rate for rent is $884 according to Census ACS data. This means that the average household in Kennerdell must allocate a significant portion of their income towards housing costs, making it challenging for some to find affordable options.
In comparison, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which is slightly higher than the current market rate. However, it’s important to note that the actual voucher payments might not always reach the FMR level, potentially leaving a gap between what landlords could charge and what they receive through vouchers.
With only 13.8% of the population being renters and a total population of 1,672, competition among landlords for tenants is relatively low. This small rental market suggests that landlords have a stable pool of potential tenants but also face challenges in finding enough renters to fill all available units.
The affordability gap in Kennerdell highlights the necessity for landlords to consider the financial situation of their potential tenants. While the market rate is already a stretch for many households, relying solely on cash-paying tenants could limit the number of available renters. On the other hand, accepting voucher payments, even if they are lower than the FMR, ensures a steady stream of income and helps meet the housing needs of lower-income families.
Takeaway for Landlords: In ZIP 16374, landlords should be prepared to offer competitive rates close to the market rate of $884 to attract cash-paying tenants. However, incorporating a strategy that includes accepting voucher payments at the FMR of $970 can help secure a broader tenant base and ensure consistent occupancy, especially given the limited rental market.
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.