FY2027 Small Area FMR · Fredonia, PA

ZIP 16124 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 16124 (Fredonia, PA) is $1,020 a month, up 5.2% from FY2026. That is 1% below the Mercer County, PA area-wide FMR of $1,028.

2-bedroom SAFMR$1,020per month ▲ 5.2%

Area-wide 2 BR FMR$1,028Mercer County, PA

Rank in the area16thof 29 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$710▲ 2.9%

1 BR$800▲ 3.9%

2 BR$1,020▲ 5.2%

3 BR$1,410▲ 4.4%

4 BR$1,600▲ 6.7%

FY2027 FY2026

Where 16124 sits in the Mercer County, PA area

Of the 29 ZIP codes HUD lists for the area, 16124 has the 16th highest two-bedroom Small Area FMR. Mercer County, PA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,028 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$710	$639 – $781	$716	$690
1 bedroom	$800	$720 – $880	$810	$770
2 bedrooms	$1,020	$918 – $1,122	$1,028	$970
3 bedrooms	$1,410	$1,269 – $1,551	$1,423	$1,350
4 bedrooms	$1,600	$1,440 – $1,760	$1,615	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $83,600 and the 80% low-income limit for four people is $68,950. ZIP code 16124 lies mainly in Mercer County. See the Mercer County, PA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
16114	Clarks Mills	6.6 mi	$1,040
16125	Greenville	7.0 mi	$1,010
16137	Mercer	7.5 mi	$1,010
16154	Transfer	7.5 mi	$1,010
16130	Hadley	8.0 mi	$1,050
16151	Sheakleyville	8.3 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 16124?

HUD's FY2027 Small Area Fair Market Rents for 16124 are $710 (studio), $800 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 16124?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 16124 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 16124?

The FY2026 income limits of the Mercer County, PA area apply: median family income $83,600, low-income (80%) limit $68,950 for a family of four.