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Centre County/Fleming/16835

16835

ZIPSAFMR
Centre County, PA
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$960
1 BR$1,120$1,000
2 BR$1,320$1,070
3 BR$1,650$1,120
4 BR$1,740$1,240
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$1,320
Market rentUsed$1,070
Est. payment standard (90%)$1,190
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.12
2 BR
1.23
3 BR
1.47
4 BR
1.40
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 16835 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 16835 (Fleming, PA) is $1,320 a month. That is down 9.6% from $1,460 in FY 2026. Fleming 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, 16835 has the 14th-highest two-bedroom rent (county range $1,270–$1,730). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 16835 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 16835
BedroomsFY 2027Change90–110% range
Studio$1,110−9.8%$999–$1,221
1BR$1,120−9.7%$1,008–$1,232
2BR$1,320−9.6%$1,188–$1,452
3BR$1,650−9.8%$1,485–$1,815
4BR$1,740−9.8%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 16835
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,120$1,320$1,650$1,740
FY 2026$1,230$1,240$1,460$1,830$1,930
FY 2025$1,270$1,280$1,480$1,800$1,960
FY 2024$990$1,000$1,160$1,420$1,560
FY 2023$940$950$1,100$1,400$1,480

Two-bedroom rent in nearby Centre County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 16835
16820$1,430+8.3%
16822$1,270−3.8%
16823$1,330+0.8%
16826$1,270−3.8%
16827$1,600+21.2%
16828$1,290−2.3%
16829$1,270−3.8%
16832$1,270−3.8%
16835Current$1,320—
16841$1,270−3.8%
16844$1,270−3.8%
16845$1,270−3.8%

Questions about ZIP 16835 rents

How much will Section 8 pay for a two-bedroom in ZIP 16835?

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 $1,320 it would be $1,188 to $1,452. 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 16835 in?

ZIP 16835 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 16835 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,460 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 20.0%.

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