ZIP 16686 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 16686 in the Altoona, PA MSA FMR area.

Altoona, PA MSA

$1,070Efficiency

$1,0801 bedroom

$1,2702 bedrooms

$1,5903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,070	$963	$1,177	$805
1 bedroom	$1,080	$972	$1,188	$959
2 bedrooms	$1,270	$1,143	$1,397	$1,151
3 bedrooms	$1,590	$1,431	$1,749	$1,477
4 bedrooms	$1,680	$1,512	$1,848	$1,708

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

State College, PA MSA

$1,070Efficiency

$1,0801 bedroom

$1,2702 bedrooms

$1,5903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,070	$963	$1,177	$1,274
1 bedroom	$1,080	$972	$1,188	$1,282
2 bedrooms	$1,270	$1,143	$1,397	$1,537
3 bedrooms	$1,590	$1,431	$1,749	$1,977
4 bedrooms	$1,680	$1,512	$1,848	$2,020

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Huntingdon County, PA

$1,070Efficiency

$1,0801 bedroom

$1,2702 bedrooms

$1,5903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,070	$963	$1,177	$822
1 bedroom	$1,080	$972	$1,188	$892
2 bedrooms	$1,270	$1,143	$1,397	$1,014
3 bedrooms	$1,590	$1,431	$1,749	$1,404
4 bedrooms	$1,680	$1,512	$1,848	$1,695

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 16686

$62,544average adjusted gross income per tax return (2022)

$43,686average salaries and wages per return

6,440tax returns filed

24%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.3%
$25,000 to $50,000	25.9%
$50,000 to $75,000	16.3%
$75,000 to $100,000	10.7%
$100,000 to $200,000	15.2%
$200,000 or more	2.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 16686?

HUD's FY2027 Small Area FMRs for ZIP 16686 (Altoona, PA MSA) are $1,070 efficiency, $1,080 one bedroom, $1,270 two bedrooms, $1,590 three and $1,680 four bedrooms.

What payment standard can a housing authority set in ZIP 16686?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,143 to $1,397.

How affordable is rent in ZIP 16686?

Tax returns filed from ZIP 16686 reported an average adjusted gross income of $62,544 (2022). A two-bedroom unit at the Small Area FMR costs $15,240 a year, or 24% of that income.