Low Income Apartments For Rent in Sharon, PA

Rental assistance programs support 663 low-income homes in Sharon where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $320 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving 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.

Housing Authority	Programs
Mercer County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Sharon, Pennsylvania Affordable Housing Data

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.

2024 Sharon, Pennsylvania Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Sharon, Pennsylvania Fair Market Rent	$656	$661	$845	$1,148	$1,233
Sharon, Pennsylvania Payment Standard Range	$590 to $722	$595 to $727	$761 to $930	$1,033 to $1,263	$1,110 to $1,356

Sourced from federal housing data and AffordableHousingOnline.com research.

Sharon, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 8

Total Low Income Apartments 665

Total Housing Units with Rental Assistance 663

Percentage of Housing Units Occupied By Renters 45.32%

Average Renter Household Size 2.13

Average Household Size 2.26

Median Household Income $30,720 ±$2,910

Median Rent $582 ±$31

Percentage Of Renters Overburdened 49.98% ± 7.48pp

Total Population 13,754

Total Affordable Apartment Properties	8
Total Low Income Apartments	665
Total Housing Units with Rental Assistance	663
Percentage of Housing Units Occupied By Renters	45.32%
Average Renter Household Size	2.13
Average Household Size	2.26
Median Household Income	$30,720 ±$2,910
Median Rent	$582 ±$31
Percentage Of Renters Overburdened	49.98% ± 7.48pp
Total Population	13,754

Population and Household Demographics

Sharon is a city in Mercer County, Pennsylvania with a population of 13,754. There are 5,995 households in the city with an average household size of 2.26 persons. 45.32% of households in Sharon are renters.

Income and Rent Overburden in Sharon

The median gross income for households in Sharon is $30,720 a year, or $2,560 a month. The median rent for the city is $582 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sharon, a household making less than $1,940 a month would be considered overburdened when renting an apartment at or above the median rent. 49.98% of households who rent are overburdened in Sharon.

Area Median Income In Sharon

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Sharon, the AMI is calculated from all households within Mercer County.

In Sharon, HUD calculates the Area Median Income for a family of four as $76,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Sharon

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Sharon

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Sharon AMI may qualify for rental assistance programs that target Extremely Low Income households.	$16,350	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Sharon AMI may qualify for rental assistance programs that target Very Low Income households.	$27,250	$31,150	$35,050	$38,900	$42,050	$45,150	$48,250	$51,350
80% AMI Income Limits Renters earning up to 80% of the Sharon AMI may qualify for rental assistance programs that target Low Income households.	$43,600	$49,800	$56,050	$62,250	$67,250	$72,250	$77,200	$82,200