Location: Altoona, PA | Metro: Altoona, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 16682, located within the Altoona, PA MSA metro, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the specific financial metrics available for the surrounding area, which indicate that the average home value in the broader Blair County, PA, where 16682 is situated, is $169,524, up 7.8% over the past year.
The Federal Market Rent (FMR) for ZIP 16682 in fiscal year 2024 is set at $1000 for a one-bedroom unit. Given that the market data for the exact ZIP code is not available, we can infer that the median home value in 16682 is likely lower than the county-wide average. This suggests a positive spread between the FMR and the market rent, making it easier for landlords to maintain profitability while adhering to Section 8 guidelines.
Moreover, the area's 26.6% renter share indicates a stable tenant base, which is crucial for maintaining consistent cash flow. With a median income of $75,121, residents have sufficient disposable income to cover rent payments, further supporting the viability of 16682 as a cash-flow anchor.
In summary, ZIP 16682 provides a solid foundation for generating steady rental income within a Section 8 portfolio, thanks to its favorable rent-to-value ratio and a substantial proportion of renters. Landlords and small-portfolio investors should consider this ZIP code as a reliable component of their investment strategy.
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.