Location: McKean County, PA | Metro: McKean County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The typical rent for a 1-bedroom apartment in ZIP code 16744 (Rew, PA) is $876 per month. This represents an increase of 10.5% over the past year, according to HUD Fair Market Rent data. With 23.6% of the population renting, this ZIP code has a significant but not overwhelming share of renters.
The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $980 for a 1-bedroom unit. Given that the median household income for ZIP 16744 is not available, it's difficult to provide a precise percentage of local income that rent consumes. However, the typical market rent of $876 is slightly below the FMR, suggesting that landlords might be able to attract tenants with vouchers.
A landlord in ZIP 16744 should expect a tenant profile that includes individuals and families who rely on Section 8 vouchers. These tenants will likely have a monthly rental budget close to the FMR of $980. Landlords should be prepared to work with the local housing authority and adhere to the requirements of the Section 8 program.
In conclusion, while the exact percentage of local income spent on rent cannot be calculated due to the lack of median household income data, the existing market conditions indicate a reasonable demand for rental properties among those using housing vouchers. The typical market rent is just under the FMR, which means that vouchers could cover the majority of the rent for a 1-bedroom apartment.
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.