FY2026 Fair Market Rents — Centre County
Studio
$1,187
1BR
$1,194
2BR
$1,406
3BR
$1,760
4BR
$1,862
Centre County, Pennsylvania
FIPS 42027 · County-level FMR and income limit data
FMR Area: State College, PA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,187 | $14,244 |
| 1-Bedroom | $1,194 | $14,328 |
| 2-Bedroom | $1,406 | $16,872 |
| 3-Bedroom | $1,760 | $21,120 |
| 4-Bedroom | $1,862 | $22,344 |
To afford the FY2026 2-bedroom FMR of $1,406/mo under the 30%-of-income rule, a household needs about
$56,240/yr ($4,687/mo). Area Median Income is $118,300.
At PA's federal minimum wage of $7.25/hr, a worker would need to work 150 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,187 | $1,194 | $1,406 | $1,760 | $1,862 |
| FY2025 | $1,226 | $1,234 | $1,431 | $1,743 | $1,897 |
| FY2024 | $1,122 | $1,133 | $1,317 | $1,593 | $1,754 |
| FY2023 | $1,091 | $1,111 | $1,285 | $1,576 | $1,726 |
| FY2022 | $1,039 | $1,055 | $1,212 | $1,548 | $1,644 |
| FY2021 | $865 | $885 | $1,009 | $1,347 | $1,368 |
| FY2020 | $813 | $837 | $953 | $1,312 | $1,375 |
FY2026 Income Limits
Area Median Income: $118,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,850 | $28,400 | $31,950 | $35,500 | $38,680 | $44,360 |
| 50% AMI | $41,450 | $47,350 | $53,250 | $59,150 | $63,900 | $68,650 |
| 80% AMI | $66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 |