FY2027 Small Area FMR · Cambridge Springs, PA

ZIP 16403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 16403 (Cambridge Springs, PA) is $1,100 a month, up 8.9% from FY2026. That is 1% above the Erie, PA area-wide FMR of $1,091.

2-bedroom SAFMR$1,100per month ▲ 8.9%

Area-wide 2 BR FMR$1,091Erie, PA

Rank in the area16thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$770▲ 6.9%

1 BR$860▲ 10.3%

2 BR$1,100▲ 8.9%

3 BR$1,390▲ 7.8%

4 BR$1,540▲ 5.5%

FY2027 FY2026

Where 16403 sits in the Erie, PA area

Of the 43 ZIP codes HUD lists for the area, 16403 has the 16th highest two-bedroom Small Area FMR. Erie, 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 $1,091 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 for this ZIP code instead.

ZIP code 16403 crosses more than one HUD area. HUD also lists it under Crawford County, PA (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$770	$693 – $847	$753	$720
1 bedroom	$860	$774 – $946	$851	$780
2 bedrooms	$1,100	$990 – $1,210	$1,091	$1,010
3 bedrooms	$1,390	$1,251 – $1,529	$1,350	$1,290
4 bedrooms	$1,540	$1,386 – $1,694	$1,564	$1,460

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $88,600 and the 80% low-income limit for four people is $70,900. ZIP code 16403 lies mainly in Crawford County and Erie County. See the Erie, PA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
16440	Venango	5.8 mi	$1,010
16427	Mill Village	6.3 mi	$1,100
16433	Saegertown	7.6 mi	$1,010
16444	Edinboro	7.7 mi	$1,100
16360	Townville	9.8 mi	$1,010
16412	Edinboro	10.2 mi	$1,100

Questions

What is the Fair Market Rent for ZIP code 16403?

HUD's FY2027 Small Area Fair Market Rents for 16403 are $770 (studio), $860 (1 BR), $1,100 (2 BR), $1,390 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 16403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 16403 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 16403?

The FY2026 income limits of the Erie, PA area apply: median family income $88,600, low-income (80%) limit $70,900 for a family of four.