Housing market/Pennsylvania/ZIP 16823
ZIP 16823 Bellefonte, Pennsylvania
State College, PA MSA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 16823 · PA — sent to you.
ZIP 16823 · PA
ACS rent vs 2BR SAFMR
ZIP 16823 — Bellefonte, PA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 16823
- 1-unit detached7,58765.0%
- 1-unit attached9688.3%
- 2–4 units1,0819.3%
- 5–49 units9788.4%
- 50+ units1621.4%
- Mobile9037.7%
2–4 unit share 9.3% · 5–49 unit share 8.4% · combined 2–49 17.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,013 (all bedrooms, occupied rentals).
- Median contract rent $901.
- Renters paying ≥30% of income 41.5%; ≥50% 26.4%.
- FY2027 2BR SAFMR $1,330 (1.313× ACS median gross rent).
Population
29,168 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 8 projects, 334 units.
- HUD project-based assisted MF: 6 properties, 162 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 15 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 16823 29.2% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,013; population changed -3.5% between the 2018 and 2023 ACS vintages; the housing stock includes 1,081 units in 2–4-unit structures and 978 units in 5–49-unit structures; 8 LIHTC projects totaling 334 units; FY2027 2BR SAFMR is $1,330 versus ACS median gross rent of $1,013. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Pennsylvania research
ZIP 16823 is a Census / HUD profile for State College, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 16823 — Bellefonte, PA HUD Section 8 Payment Standards / SAFMR·Pennsylvania ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 16823?
ZIP 16823 (State College, PA MSA) has 29,168 residents, 11,168 households, a renter share of 29.2%, median household income of $75,717, and ACS 2023 median gross rent of $1,013. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 16823?
ACS counts 455 units in 2-unit buildings, 626 in 3–4 unit buildings, 490 in 5–9, 321 in 10–19, and 167 in 20–49. Combined 2–49 unit stock is 2,059 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 16823?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,330. See the full schedule and 90–110% payment-standard band on the ZIP 16823 — Bellefonte, PA HUD Section 8 Payment Standards / SAFMR.
Does this Pennsylvania ZIP profile include Georgia listings?
No. ZIP 16823 is Census / HUD research for State College, PA MSA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.