16823
ZIPSAFMR
Centre County, PA
BRFMR
Eff. Rent
0 BR$1,110$1,050
1 BR$1,120$1,000
2 BR$1,290$1,360
3 BR$1,570$1,640
4 BR$1,710$1,660
5 BR$1,966
6 BR$2,261
7 BR$2,601
8 BR$2,991

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,290
Market rent$1,400
Est. payment standard (106%)Used$1,360
Estimated payment standard is $1,360 (106% of FMR).
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Current value$140,179
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Current value$140,179
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Current value$140,179
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
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
1.06ratio
FMR$1,110
Market$1,050
vs market+$60

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

90% standard$999 / 0.95 ratio110% standard$1,221 / 1.16 ratio
1.06
1 BR
1 BR
1.12ratio
FMR$1,120
Market$1,000
vs market+$120

FMR is above market; underwrite to market rent.

90% standard$1,008 / 1.01 ratio110% standard$1,232 / 1.23 ratio
1.12
2 BR
2 BR
0.92ratio
FMR$1,290
Market$1,400
vs market-$110

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

90% standard$1,161 / 0.83 ratio110% standard$1,419 / 1.01 ratio
0.92
3 BR
3 BR
0.94ratio
FMR$1,570
Market$1,670
vs market-$100

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

90% standard$1,413 / 0.85 ratio110% standard$1,727 / 1.03 ratio
0.94
4 BR
4 BR
1.03ratio
FMR$1,710
Market$1,660
vs market+$50

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

90% standard$1,539 / 0.93 ratio110% standard$1,881 / 1.13 ratio
1.03
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 16823 (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.

16823 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 16823 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,290 and the 4 bedroom fair market rent is $1,710.

Use this page for searches like 16823 FMR, 16823 fair market rent, and 16823 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 16823
Bedroom sizeHUD FMR
Studio$1,110
1 bedroom$1,120
2 bedroom$1,290
3 bedroom$1,570
4 bedroom$1,710