Section 8 Fair Market Rent (FMR) for ZIP 16689 - 2027

Location: Huntingdon County, PA | Metro: Fulton County, PA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$850
2 Bedrooms	$1,030
3 Bedrooms	$1,350
4 Bedrooms	$1,630
5 Bedrooms	$1,891
6 Bedrooms	$2,118
7 Bedrooms	$2,287
8 Bedrooms	$2,401

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

389

Median Household Income

$60,000

Housing Units

180

Renter Percentage

9.1%

Occupancy Rate

91.1%

Renter Occupied

ZIP code 16689, located in Venango County, Pennsylvania, is a suburban area that includes parts of Franklin and other nearby communities. This region offers a mix of residential and commercial spaces, with a significant portion of the population relying on rental properties.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990, providing a benchmark for rental pricing in the area.
The median home value in ZIP 16689 is $204,546, indicating a moderate housing market where property values are accessible but not undervalued.
Renters make up 9.1% of the housing market in this ZIP code, suggesting a smaller but still significant demand for rental properties.
The median income for residents is $60,000, which influences the affordability of housing and the potential for rental income.
While specific market rent figures are not available, the combination of fair market rent and median income can be used to estimate competitive rental rates.
The days on market (DOM) data is currently unavailable, making it difficult to assess the speed at which properties sell or rent.

Given the data points above, landlords and small-portfolio investors should find ZIP 16689 a stable investment opportunity. The fair market rent and median home value suggest a balanced market where rental properties can command reasonable prices without being overly aggressive. The lower renter share indicates a smaller immediate demand for rentals, but also a less crowded market for those willing to invest. With a median income of $60,000, there is sufficient economic stability to support steady rental income. However, the lack of precise market rent and DOM data means investors must rely on broader regional trends and local knowledge to refine their strategies. Overall, the area presents a moderate risk with potential for long-term gains.

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.