FY2027 Small Area FMR · Oil City, PA

ZIP 16301 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 16301 (Oil City, PA) is $1,030 a month, up 3.0% from FY2026. That is 2% above the Venango County, PA area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 3.0%

Area-wide 2 BR FMR$1,014Venango County, PA

Rank in the area7thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$720▲ 4.3%

1 BR$790▲ 3.9%

2 BR$1,030▲ 3.0%

3 BR$1,300▲ 4.0%

4 BR$1,450▲ 1.4%

FY2027 FY2026

Where 16301 sits in the Venango County, PA area

Of the 23 ZIP codes HUD lists for the area, 16301 has the 7th highest two-bedroom Small Area FMR. Venango 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$720	$648 – $792	$706	$690
1 bedroom	$790	$711 – $869	$775	$760
2 bedrooms	$1,030	$927 – $1,133	$1,014	$1,000
3 bedrooms	$1,300	$1,170 – $1,430	$1,276	$1,250
4 bedrooms	$1,450	$1,305 – $1,595	$1,429	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $81,300 and the 80% low-income limit for four people is $68,950. ZIP code 16301 lies mainly in Venango County. See the Venango County, PA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
16344	Rouseville	3.4 mi	$1,260
16346	Seneca	5.8 mi	$1,010
16343	Reno	7.0 mi	$1,030
16364	Venus	8.6 mi	$1,110
16341	Pleasantville	8.7 mi	$1,010
16319	Cranberry	8.9 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 16301?

HUD's FY2027 Small Area Fair Market Rents for 16301 are $720 (studio), $790 (1 BR), $1,030 (2 BR), $1,300 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 16301?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 16301 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 16301?

The FY2026 income limits of the Venango County, PA area apply: median family income $81,300, low-income (80%) limit $68,950 for a family of four.