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 ZIP code 16638 stands as a market in motion, characterized by a unique blend of stability and potential change. With a Fair Market Rent (FMR) set at $970 for the fiscal year 2026, the area reflects a snapshot of rental economics that could signal either growing demand or a steady supply of affordable housing units. The FMR, established by HUD, serves as a benchmark for understanding the rental landscape, but the lack of specific market rent data leaves room for interpretation.
The absence of recent market rent figures suggests that the area might not be experiencing significant fluctuations in rental prices, which can be indicative of a balanced market. However, the 27.3% renter share points to a substantial portion of the population that relies on rentals for housing, which is a key indicator of ongoing housing pressure. This percentage implies that a quarter of the residents are renters, potentially due to affordability issues or lifestyle choices that favor renting over owning. In the context of long-term dynamics, a high renter share often correlates with sustained demand for rental properties, making it a vital consideration for landlords and small-portfolio investors.
While the median home value and days on market (DOM) are not specified, the lack of these metrics doesn't diminish the importance of the FMR and renter share data. These two pieces of information alone suggest a market where demand for rental housing is likely to remain consistent, driven by the significant proportion of residents who choose or need to rent. For investors, this means that while the current rental prices are stable, the underlying demand for rental units is strong, creating a reliable environment for rental income.
In summary, ZIP 16638 presents a market where the demand for rental housing is robust, supported by the high renter share. This dynamic is crucial for investors looking to capitalize on a steady stream of rental income without the volatility associated with rapidly changing markets. The established FMR provides a solid foundation for setting competitive rental rates, ensuring that landlords can maintain occupancy levels and sustain their investment returns.
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.