Location: Huntingdon County, PA | Metro: Altoona, 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 |
|---|---|---|---|---|
| 2BR | $1,270 | $154,770 | 0.82% | C |
| 3BR | $1,590 | $209,497 | 0.76% | D |
| 4BR | $1,680 | $238,596 | 0.7% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 16686, located in Tyrone, Pennsylvania, hinges on its financial metrics. With a Fair Market Rent (FMR) of $1,160 for fiscal year 2024, it stands significantly above the local market rent of $796. This discrepancy suggests a high-yield potential for rental properties in this area. However, the median home value of $186,349 provides a baseline for investment costs.
Stability in ZIP 16686 is mixed. The percentage of renters is relatively low at 25.7%, which might indicate a less stable tenant pool compared to areas with higher percentages of renters. Unfortunately, the data does not provide an average number of days on the market (DOM), which would have been useful for assessing how quickly properties can be rented out. The median household income of $69,008 offers insight into the economic capacity of residents to sustain rent payments, suggesting moderate stability.
In summary, ZIP 16686 presents a scenario that leans towards being a high-yield market due to the significant difference between the FMR and the local market rent. However, the lower percentage of renters and the moderate income levels suggest a balance towards stability that is not exceptionally strong. Thus, this area is best categorized as a market offering good cash flow opportunities but with some caution advised regarding tenant turnover and economic resilience. For landlords and small-portfolio investors, this could mean focusing on quality property management practices to mitigate risks associated with lower renter stability while capitalizing on the higher yields.
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.