For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 16804 (State College, PA) is $1,540 a month. That is up 9.2% from $1,410 in FY 2026. State College is in the State College, 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 $1,537. Among 36 ZIP codes in Centre County, 16804 has the 7th-highest two-bedroom rent (county range $1,270–$1,730). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 16804 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 16804
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,280
+7.6%
$1,152–$1,408
1BR
$1,200
$1,280
+6.7%
$1,152–$1,408
2BR
$1,410
$1,540
+9.2%
$1,386–$1,694
3BR
$1,770
$1,980
+11.9%
$1,782–$2,178
4BR
$1,870
$2,020
+8.0%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 16804
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,280
$1,280
$1,540
$1,980
$2,020
FY 2026
$1,190
$1,200
$1,410
$1,770
$1,870
FY 2025
$1,230
$1,230
$1,430
$1,740
$1,900
FY 2024
$1,120
$1,140
$1,320
$1,600
$1,760
FY 2023
$1,100
$1,120
$1,290
$1,580
$1,730
Two-bedroom rent in nearby Centre County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 16804?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,537, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,383 to $1,691 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 16804 in?
ZIP 16804 is in the State College, PA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,537.
How much did fair market rent change in ZIP 16804 for FY 2027?
The two-bedroom FMR rose 9.2%, from $1,410 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 19.4%.
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