Section 8 Fair Market Rent (FMR) for ZIP 16647 - 2027

Location: Huntingdon County, PA | Metro: Huntingdon County, PA

Investment Score for ZIP 16647

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,410	$298,639	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

864

Median Household Income

$88,333

Housing Units

534

Renter Percentage

9.3%

Occupancy Rate

56.6%

Renter Occupied

The ZIP code 16647, located in the heart of Pennsylvania, offers a stable real estate market for both landlords and small-portfolio investors. The area is characterized by a mix of residential properties, including single-family homes and rental units, which cater to a diverse range of residents.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing in the region.
The actual market rent, as per the latest Census ACS data, stands at $825, indicating a slightly lower average compared to the FMR, but still offering solid returns on investment.
The median home value in ZIP 16647 is $262,083, reflecting a moderate price point that can be attractive for first-time buyers and investors alike.
Renters make up 9.3% of the housing market, suggesting a smaller demand for rentals compared to homeownership, yet still a viable sector for investment.
The median income for residents in this area is $88,333, which supports a steady stream of potential tenants who can afford the median rental prices.

Investors looking to enter the ZIP 16647 market should note the discrepancy between the FMR and the actual market rent, which presents opportunities for competitive pricing strategies. The median home value indicates a balanced market where investments can yield reasonable returns without the risks associated with highly volatile areas. With a median income that comfortably exceeds the average rental cost, there's a reliable tenant pool capable of meeting their obligations. However, the relatively low renter share suggests a focus on long-term strategies to capitalize on the stability of the local economy rather than short-term gains.

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.