Section 8 Fair Market Rent (FMR) for ZIP 16865 - 2027

Location: Huntingdon County, PA | Metro: State College, PA MSA

Investment Score for ZIP 16865

N/A

Monthly Rent (2BR)

$1,510

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,260
1 Bedroom	$1,280
2 Bedrooms	$1,510
3 Bedrooms	$1,890
4 Bedrooms	$2,020
5 Bedrooms	$2,343
6 Bedrooms	$2,624
7 Bedrooms	$2,834
8 Bedrooms	$2,976

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,890	$334,837	0.56%	F
4BR	$2,020	$432,876	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,820

Median Household Income

$77,717

Housing Units

827

Renter Percentage

21.4%

Occupancy Rate

99.4%

Renter Occupied

176

The ZIP code 16865, located in Venango County, Pennsylvania, encompasses areas that are predominantly residential, offering a mix of suburban and rural living. This region is characterized by its quiet streets and close-knit communities, making it an attractive location for both families and retirees.

The Fair Market Rent (FMR) for ZIP 16865 is set at $1630 per month for fiscal year 2024, providing a benchmark for rental pricing.
The median home value in the area stands at $347,004, indicating a stable housing market with reasonable property values.
Renters make up 21.4% of the population, suggesting a moderate demand for rental properties.
The median income for residents is $77,717, which is above the national average and signals a financially capable demographic able to support higher rents and property values.
Unfortunately, the specific data on days on market (DOM) for rental listings is not available, which could be crucial for understanding the speed at which properties are leased.
The lack of detailed market rent data means that while we can infer trends from the FMR, precise adjustments based on local conditions may require further investigation.

In summary, ZIP 16865 presents a balanced investment opportunity for landlords and small-portfolio investors. The area benefits from a stable median home value and a financially capable resident base, which supports the potential for steady rental income. However, the limited availability of market-specific rental data and days on market metrics suggests that investors should conduct thorough due diligence to understand local dynamics fully. The 21.4% renter share indicates a moderate but consistent demand for rental properties, aligning well with the FMR of $1630. Overall, the combination of these factors points towards a reliable investment environment, though localized research is recommended to maximize returns.

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.