Low Income Apartments and Affordable Housing For Rent in McKean County, PA

Discover affordable housing in McKean County where there are 13+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Center Hall

7 School St , Smethport, Pennsylvania 16749

Phillips Street Housing

3 Phillips Street , Mount Jewett, Pennsylvania 16740

Welsh Street Housing

1000 1012 Welsh Street , Kane, Pennsylvania 16735

Page Place

311 Arnold Avenue , Port Allegany, Pennsylvania 16743

Medberry Manor

37 Church Street, Port Allegany, Pennsylvania 16743

Vanderhule

804 N Main St, Port Allegany, Pennsylvania 16743

Mill Street

6 9 Penny Lane, Port Allegany, Pennsylvania 16743

Helmer Hall

729 N Main St, Port Allegany, Pennsylvania 16743

Brooklynside Drive

97 230 Brooklyinside Drive , Port Allegany, Pennsylvania 16743

The Abbie

62 Main Street , Lewis Run, Pennsylvania 16738

Kane Apartments

614 N Fraley St, Kane, Pennsylvania 16735

Central Towers

130 Greeves St, Kane, Pennsylvania 16735

KIWANIS COURT

1 KIWANIS CT, Bradford, Pennsylvania 16701

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In McKean County, Pennsylvania
$16.00/hour
$8.75 (+121%) more than Pennsylvania minimum wage and $8.75 (+121%) more than the Federal minimum wage.
Learn More About McKean County, Pennsylvania Affordable Housing ↓

What HUD offices serve McKean County, Pennsylvania?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for McKean County, Pennsylvania.

Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near McKean County.

How many renters live in McKean County, Pennsylvania?

The County of McKean County has 40,459 people living in 15,931 households.

There are 8,152 renters living in 3,595 renter households in this County. Renters make up 20.15 percent of the population living in McKean County.

What is the rental market like in McKean County, Pennsylvania?

There are an estimated 19,530 housing units in the McKean County area. Of these, 3,728 units are rental homes, making up 19 percent of the housing market. For every renter household in McKean County, Pennsylvania, there are 1 rental units.

What is the vacancy rate for rentals in McKean County?

The rental vacancy rate in McKean County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in McKean County for each bedroom size?

Occupied Rental Units by Size in McKean County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
136 786 1,106 1,207 274
Occupied Rental Units by Size in McKean County

A large number of apartments in McKean County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in McKean County are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in McKean County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,251. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $674
Two BR $845
Three BR $1,073
Four BR $1,251
2024 Fair Market Rents in McKean County, Pennsylvania

How many units are rented at Fair Market Rent (FMR) in McKean County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 63 46 percent
One BR 562 72 percent
Two BR 633 57 percent
Rental Units Below FMR in McKean County, Pennsylvania

How many affordable rental units are in McKean County?

There are a variety of federal affordable housing programs serving households in McKean County, Pennsylvania including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 32
Public Housing 344
Section 8 Project-Based Rental Assistance 235
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in McKean County, Pennsylvania

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in McKean County, Pennsylvania

McKean County features 414 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in McKean County, Pennsylvania

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McKean County.

Housing Choice Vouchers in McKean County, Pennsylvania

On average, Section 8 Housing Choice vouchers pay McKean County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in McKean County.

The maximum amount a voucher would pay on behalf of a low-income tenant in McKean County, Pennsylvania for a two-bedroom apartment is between $761 and $930.

Sourced from federal housing data and AffordableHousingOnline.com research.