Location: State College, PA | Metro: State College, PA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,590 | $165,113 | 0.96% | C |
U.S. Census Bureau data (2024)
ZIP code 16677 is not a renter-heavy area; it has a very low percentage of renters at 0.0%, indicating that homeownership dominates the housing market in this region. The scarcity of rental properties means that the demand for Section 8 vouchers is likely limited. With a population of 239, there isn't enough data to determine the median household income, making it difficult to assess how much of the local income goes towards rent.
The Fair Market Rent (FMR) for ZIP 16677 is set at $1160 for FY 2024, which aligns with the Federal Housing Administration's guidelines for the area. However, without a median income figure, we cannot calculate the precise percentage of income that typical rent consumes. Nonetheless, given the homeowner-dominated landscape, it's reasonable to infer that rental prices are lower than average market rates due to the lack of competition among landlords.
A landlord in ZIP 16677 should anticipate tenants who are highly dependent on government assistance for their housing needs. These tenants will be eligible for the Section 8 program, which caps their monthly rent contribution at approximately 30% of their adjusted income. Given the limited data, the typical tenant will likely have an income below the area median, necessitating a rental rate close to the FMR of $1160 to qualify for the voucher.
To conclude, while the exact impact of voucher usage on the local rental market cannot be quantified due to insufficient data, the dominance of homeowners suggests that landlords will need to cater to a niche market of tenants seeking affordable housing solutions. Expect tenants who require stable, subsidized housing options and are willing to comply with the requirements of the Section 8 program.
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.