Logo State College Fair Market Rent FY 2022 State College, PA MSA Rental Data

Fair Market Rent Prices in State College, PA :
$1,039 $1,055 $1,212 $1,548 $1,644
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

Fair Market Rent prices in State College are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in State College is $1,212 per month.

The previous year, rent for a two-bedroom home was $1,009 per month. This is a 20.12% increase year-over-year.

This FMR rate applies to Woodward, PA, Mingoville, PA, Sandy Ridge, PA, Munson, PA, Orviston, PA, Madisonburg, PA, Coburn, PA, Fleming, PA, Moshannon, PA, University Park, PA and other cities within the region. The Metro Code or CBSA code for this region is METRO44300M44300.

Additionally, This Fair Market Rent (FMR) area State College, PA MSA spans one county or city in Pennsylvania which is listed in the table below. Estimated population of State College, PA MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Pennsylvania, the State College FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in State College. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in State College

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1132
1-BR 1-Bedroom $ 1149
2-BR 2-Bedroom $ 1320
3-BR 3-Bedroom $ 1686
4-BR 4-Bedroom $ 1790
Change Year:

There is just one county (listed below) within the State College, PA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Johnstown - Altoona and Wilkes Barre - Scranton.

County / Region Est. Population
, PA Metro 0
Zip Codes in State College, PA MSA

There are 35 unique zip codes in this Fair Market Rent (FMR) area:

16666, 16677, 16801, 16802, 16803, 16804, 16820, 16822, 16823, 16826, 16827, 16828, 16829, 16832, 16835, 16841, 16844, 16845, 16851, 16852, 16853, 16854, 16856, 16859, 16860, 16864, 16865, 16866, 16868, 16870, 16872, 16874, 16875, 16877 and 16882

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