Location: Huntingdon County, PA | Metro: Huntingdon County, PA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 16621 is set at $970 for metro fiscal year 2026. This figure represents the payment standard for Section 8 rentals, meaning that the Housing Authority will pay up to $970 per month for a rental unit in this area. It's important to note that this is not the amount you'll receive as rent; it's the maximum subsidy level.
In comparison, the average rent for ZIP 16621 based on Census American Community Survey (ACS) data is $783. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords participating in the Section 8 program. The difference between these two figures suggests a potential opportunity to cover maintenance costs and earn a profit above the average market rent.
The demand for affordable housing in ZIP 16621 is substantial, with 12.5% of residents being renters who could qualify for Section 8 assistance. This translates to a significant number of tenants looking for affordable housing options, making it likely that your property would attract interested applicants.
If you're considering purchasing a property for a Section 8 rental, the median home value in this ZIP code is approximately $163,188. This figure can help you estimate the acquisition cost of a property suitable for a Section 8 tenant. Keep in mind that the actual price may vary depending on the condition and location of the property.
Before committing to a Section 8 rental, ensure that the property meets all the required standards for habitability and safety. This includes passing inspections conducted by the Housing Authority to confirm that the unit is in good repair and complies with local housing codes. This verification step is crucial to avoid delays in receiving payments and to maintain compliance with the program.
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.