Income Limits by County

FY2027 Small Area FMR · Kane, PA

ZIP 16735 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 16735 (Kane, PA) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Elk County, PA area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%
Area-wide 2 BR FMR$1,014Elk County, PA
Rank in the area12thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909
2 BR Small Area FMR$1,010
110% of SAFMR$1,111

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

FY2027 FY2026

Where 16735 sits in the Elk County, PA area

$1,010$1,370median $1,035

Of the 18 ZIP codes HUD lists for the area, 16735 has the 12th highest two-bedroom Small Area FMR. Elk 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 $1,010 for this ZIP code instead.

ZIP code 16735 crosses more than one HUD area. HUD also lists it under McKean 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
UnitFY2027 SAFMRPayment standard rangeArea-wide FMRFY2026 SAFMR
Studio$750$675 – $825$749$710
1 bedroom$890$801 – $979$879$830
2 bedrooms$1,010$909 – $1,111$1,014$970
3 bedrooms$1,240$1,116 – $1,364$1,328$1,220
4 bedrooms$1,520$1,368 – $1,672$1,333$1,440

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 16735 lies mainly in McKean County and Elk County. See the Elk County, PA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIPPlaceDistance2 BR SAFMR
16734James City1.9 mi$1,330
16333Ludlow7.6 mi$1,010
16740Mount Jewett9.9 mi$1,010
15845Johnsonburg11.7 mi$1,010
16738Lewis Run12.5 mi$1,090
15870Wilcox13.0 mi$1,010

Questions

What is the Fair Market Rent for ZIP code 16735?

HUD's FY2027 Small Area Fair Market Rents for 16735 are $750 (studio), $890 (1 BR), $1,010 (2 BR), $1,240 (3 BR) and $1,520 (4 BR) a month.

What is the Section 8 payment standard in 16735?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 16735 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 16735?

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