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Cambria County/Altoona/16601

16601

ZIPSAFMR
Cambria County, PA
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$790$820
1 BR$940$800
2 BR$1,130$1,020
3 BR$1,450$1,170
4 BR$1,680$970
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMR$1,130
Market rentUsed$1,020
Est. payment standard (94%)$1,060
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
1.18
2 BR
1.11
3 BR
1.24
4 BR
1.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 16601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 16601 (Altoona, PA) is $1,130 a month. That is up 1.8% from $1,110 in FY 2026. Altoona is in the Johnstown, PA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,014. Among 58 ZIP codes in Cambria County, 16601 is tied for the 9th-highest two-bedroom rent (county range $1,010–$1,520).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 16601
BedroomsFY 2027Change90–110% range
Studio$790+1.3%$711–$869
1BR$940+1.1%$846–$1,034
2BR$1,130+1.8%$1,017–$1,243
3BR$1,450+2.1%$1,305–$1,595
4BR$1,680+1.2%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 16601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$940$1,130$1,450$1,680
FY 2026$780$930$1,110$1,420$1,660
FY 2025$710$860$1,030$1,300$1,490
FY 2024$640$800$950$1,180$1,350
FY 2023$590$730$880$1,070$1,190

Two-bedroom rent in nearby Cambria County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 16601
16601Current$1,130—
16613$1,180+4.4%
16619$1,010−10.6%
16624$1,010−10.6%
16627$1,1300.0%
16629$1,010−10.6%
16630$1,010−10.6%
16635$1,270+12.4%
16636$1,380+22.1%
16639$1,010−10.6%
16640$1,200+6.2%
16641$1,030−8.8%

Questions about ZIP 16601 rents

How much will Section 8 pay for a two-bedroom in ZIP 16601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 16601 in?

ZIP 16601 is in the Johnstown, PA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 16601 for FY 2027?

The two-bedroom FMR rose 1.8%, from $1,110 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 28.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAltoona, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources