Low Income Apartments and Affordable Housing For Rent in Sharon, PA

Discover affordable housing in Sharon where there are 6+ 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.

Connelly Manor

55 W Connelly Blvd, Sharon, Pennsylvania 16146

Shenango Village

168 W Budd St, Sharon, Pennsylvania 16146

Riverview Manor

15 W Connelly Blvd, Sharon, Pennsylvania 16146

G. J. Vermeire Manor

325 Columbia St, Sharon, Pennsylvania 16146

Sharpsville Gardens

100 1st Ave, Sharon, Pennsylvania 16150

Frank L Fay Terrace

800 Linden St, Sharon, Pennsylvania 16146

calendar_today Opened: Mar 1
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 Sharon, 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 Sharon, Pennsylvania Affordable Housing ↓

What HUD offices serve Sharon, 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 Sharon, Pennsylvania.

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

How many renters live in Sharon, Pennsylvania?

The City of Sharon has 13,143 people living in 6,144 households.

There are 5,466 renters living in 2,811 renter households in this City. Renters make up 41.59 percent of the population living in Sharon.

What is the rental market like in Sharon, Pennsylvania?

There are an estimated 7,180 housing units in the Sharon area. Of these, 2,958 units are rental homes, making up 41 percent of the housing market. For every renter household in Sharon, Pennsylvania, there are 1 rental units.

What is the vacancy rate for rentals in Sharon?

The rental vacancy rate in Sharon is 4 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 Sharon for each bedroom size?

Occupied Rental Units by Size in Sharon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
120 805 923 809 75
Occupied Rental Units by Size in Sharon

A large number of apartments in Sharon 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 Sharon are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 21 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 Sharon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $656 to $1,233. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $656
One BR $661
Two BR $845
Three BR $1,148
Four BR $1,233
2024 Fair Market Rents in Sharon, Pennsylvania

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

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 90 75 percent
One BR 575 71 percent
Two BR 659 71 percent
Rental Units Below FMR in Sharon, Pennsylvania

How many affordable rental units are in Sharon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 221
Public Housing 38
Section 8 Project-Based Rental Assistance 672
Tracked Units by Federal Program in Sharon, Pennsylvania

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

Income Based Apartments in Sharon, Pennsylvania

Sharon features 663 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 Sharon, Pennsylvania

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

Housing Choice Vouchers in Sharon, Pennsylvania

On average, Section 8 Housing Choice vouchers pay Sharon landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Sharon.

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

Sourced from federal housing data and AffordableHousingOnline.com research.