Location: Huntingdon County, PA | Metro: Fulton 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 16674 presents a mixed landscape for landlords and small-portfolio investors considering Section 8 tenants. With a population of 548, only 14.0% are renters, indicating that this is primarily a homeowner-dominated area rather than a renter-heavy ZIP. The median household income stands at $64,145, which is relatively high compared to the typical market rent of $792.
The typical rent eats up approximately 12.3% of the local median income, calculated as $792 divided by $64,145 and multiplied by 100. This percentage suggests that most residents can afford rent without significant financial strain, but it also implies that there might be fewer potential tenants who rely on housing vouchers due to the lower proportion of renters.
Comparing the market rent to the Fair Market Rent (FMR) of $990, which is set for fiscal year 2026 in the metro area, indicates that the actual rents in ZIP 16674 are below the FMR. This discrepancy could mean that landlords have some flexibility in setting rents higher than the current market rate, potentially closer to the FMR, while still remaining competitive and attractive to voucher holders.
A landlord in ZIP 16674 should expect tenants who are likely to benefit from the rental assistance program but may face competition from homeownership opportunities. The tenant pool will likely include individuals and families whose incomes are at or below 50% of the area median income, as required by the Section 8 program. Given the relatively low rent-to-income ratio, these tenants will find the cost of living in the area manageable.
To conclude, while ZIP 16674 is not heavily populated with renters, it offers a niche opportunity for landlords willing to accommodate Section 8 tenants. The current market conditions and the availability of vouchers suggest that landlords can attract financially stable tenants who are eligible for assistance, providing a steady stream of rental income.
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.