FY2027 Small Area FMR · Erie, PA

ZIP 16504 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 16504 (Erie, PA) is $1,200 a month, down 9.1% from FY2026. That is 10% above the Erie, PA area-wide FMR of $1,091.

2-bedroom SAFMR$1,200per month ▼ 9.1%

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

Rank in the area10thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

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

Studio$840▼ 7.7%

1 BR$950▼ 7.8%

2 BR$1,200▼ 9.1%

3 BR$1,490▼ 8.6%

4 BR$1,760▼ 3.8%

FY2027 FY2026

Where 16504 sits in the Erie, PA area

Of the 43 ZIP codes HUD lists for the area, 16504 has the 10th 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 $1,200 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	$840	$756 – $924	$753	$910
1 bedroom	$950	$855 – $1,045	$851	$1,030
2 bedrooms	$1,200	$1,080 – $1,320	$1,091	$1,320
3 bedrooms	$1,490	$1,341 – $1,639	$1,350	$1,630
4 bedrooms	$1,760	$1,584 – $1,936	$1,564	$1,830

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 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 16504 lies mainly in 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
16546	Erie	0.4 mi	$1,200
16503	Erie	1.4 mi	$1,100
16501	Erie	2.2 mi	$1,100
16550	Erie	2.3 mi	$1,100
16508	Erie	2.5 mi	$1,100
16502	Erie	2.7 mi	$1,100

Questions

What is the Fair Market Rent for ZIP code 16504?

HUD's FY2027 Small Area Fair Market Rents for 16504 are $840 (studio), $950 (1 BR), $1,200 (2 BR), $1,490 (3 BR) and $1,760 (4 BR) a month.

What is the Section 8 payment standard in 16504?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 16504 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 16504?

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.