16506
ZIPSAFMR
Erie County, PA
BRFMR
Eff. Rent
0 BR$1,060$930
1 BR$1,200$1,110
2 BR$1,540$1,310
3 BR$1,900$1,680
4 BR$2,140$1,880
5 BR$2,461
6 BR$2,830
7 BR$3,255
8 BR$3,743

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMR$1,540
Market rentUsed$1,310
Est. payment standard (90%)$1,390
Market rent is below the inferred standard ($1,390, 90% of FMR).
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Current value$132,749
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Current value$132,749
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Current value$132,749
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.14ratio
FMR$1,060
Market$930
vs market+$130

FMR is above market; underwrite to market rent.

90% standard$954 / 1.03 ratio110% standard$1,166 / 1.25 ratio
1.14
1 BR
1 BR
1.08ratio
FMR$1,200
Market$1,110
vs market+$90

FMR is near market; voucher and private rents are aligned.

90% standard$1,080 / 0.97 ratio110% standard$1,320 / 1.19 ratio
1.08
2 BR
2 BR
1.18ratio
FMR$1,540
Market$1,310
vs market+$230

FMR is above market; underwrite to market rent.

90% standard$1,386 / 1.06 ratio110% standard$1,694 / 1.29 ratio
1.18
3 BR
3 BR
1.13ratio
FMR$1,900
Market$1,680
vs market+$220

FMR is above market; underwrite to market rent.

90% standard$1,710 / 1.02 ratio110% standard$2,090 / 1.24 ratio
1.13
4 BR
4 BR
1.14ratio
FMR$2,140
Market$1,880
vs market+$260

FMR is above market; underwrite to market rent.

90% standard$1,926 / 1.02 ratio110% standard$2,354 / 1.25 ratio
1.14
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 16506 (PA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

16506 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 16506 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,540 and the 4 bedroom fair market rent is $2,140.

Use this page for searches like 16506 FMR, 16506 fair market rent, and 16506 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 16506
Bedroom sizeHUD FMR
Studio$1,060
1 bedroom$1,200
2 bedroom$1,540
3 bedroom$1,900
4 bedroom$2,140