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 16654 presents a unique set of challenges and opportunities for both renters and landlords. Given the lack of specific data on median income and market rate rent, it's essential to focus on the available figures to understand the rental landscape.
Affordability in 16654 hinges on the Federal Market Rent (FMR) standard of $970, which is the benchmark for housing voucher payments in the metro area for fiscal year 2026. This figure is critical for understanding what low-income households might be able to afford with assistance.
With 100.0% of the population being renters and a total population of 1,906, the demand for rental properties is high. However, the absence of median income data suggests that there might be significant variability in household earnings, leading to a diverse range of affordability levels among residents.
The affordability gap in 16654 means that landlords face intense competition, especially if they aim to charge above the FMR. Cash-paying tenants who can afford higher rents are likely scarce, given the reliance on housing vouchers and the limited population size.
Landlords must consider the implications of this environment on their investment strategy. By accepting vouchers, they ensure a steady stream of income tied to the FMR, reducing the risk of vacancies. On the other hand, focusing on cash-paying tenants could yield higher returns but requires identifying and attracting the few households capable of paying above the voucher rate.
Takeaway: For landlords in 16654, accepting vouchers at the $970 FMR ensures consistent occupancy and income. While pursuing cash-paying tenants offers the potential for higher profits, it comes with greater risk due to the limited number of households likely able to pay more. Balancing these approaches based on property value and local demand dynamics will be key to success.
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.