16864
ZIPSAFMR
Centre County, PA
BRFMR
Eff. Rent
0 BR$1,110$980
1 BR$1,120$1,040
2 BR$1,290$1,210
3 BR$1,570$1,450
4 BR$1,710$1,440
5 BR$1,966
6 BR$2,261
7 BR$2,601
8 BR$2,991

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,290
Market rentUsed$1,210
Est. payment standard (96%)$1,240
Market rent is below the inferred standard ($1,240, 96% of FMR).
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Current value$117,889
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Current value$117,889
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Current value$117,889
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

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Market Alignment

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

Studio
Studio
1.13ratio
FMR$1,110
Market$980
vs market+$130

FMR is above market; underwrite to market rent.

90% standard$999 / 1.02 ratio110% standard$1,221 / 1.25 ratio
1.13
1 BR
1 BR
1.08ratio
FMR$1,120
Market$1,040
vs market+$80

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

90% standard$1,008 / 0.97 ratio110% standard$1,232 / 1.18 ratio
1.08
2 BR
2 BR
1.07ratio
FMR$1,290
Market$1,210
vs market+$80

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

90% standard$1,161 / 0.96 ratio110% standard$1,419 / 1.17 ratio
1.07
3 BR
3 BR
1.08ratio
FMR$1,570
Market$1,450
vs market+$120

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

90% standard$1,413 / 0.97 ratio110% standard$1,727 / 1.19 ratio
1.08
4 BR
4 BR
1.19ratio
FMR$1,710
Market$1,440
vs market+$270

FMR is above market; underwrite to market rent.

90% standard$1,539 / 1.07 ratio110% standard$1,881 / 1.31 ratio
1.19
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 16864 (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.

16864 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 16864 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 16864 FMR, 16864 fair market rent, and 16864 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 16864
Bedroom sizeHUD FMR
Studio$1,110
1 bedroom$1,120
2 bedroom$1,290
3 bedroom$1,570
4 bedroom$1,710