Location: Huntingdon County, PA | Metro: Altoona, PA MSA
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 | $990 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,690 | $226,760 | 0.75% | D |
U.S. Census Bureau data (2024)
The ZIP code 16611 stands out due to its unique mix of demographic and economic factors. With a population of 2,665 residents, only 14.3% are renters, indicating a primarily owner-occupied area. The median income here is $70,887, which is relatively high compared to many other ZIP codes, and the median home value is $202,524, reflecting a stable and affluent community.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 16611 in fiscal year 2024 is set at $990. This figure is slightly below the market rent of $1,003 as reported by the Census Bureau's American Community Survey (ACS). For landlords, this means that while you can still participate in the Section 8 program, you might need to adjust your rental rates to ensure they align with the market conditions and the FMR guidelines.
The data signature for ZIP 16611 reads as stable. The low percentage of renters suggests that the housing market is dominated by homeowners, which typically indicates less turnover and more long-term stability. Additionally, the high median income and median home value point towards a financially secure community where residents are likely to maintain their homes and neighborhoods well. This stability can be beneficial for both landlords and small-portfolio investors, as it reduces the risk of property neglect and ensures a steady stream of tenants who are able to meet their financial obligations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.