Housing market/Pennsylvania/ZIP 16854
ZIP 16854 Millheim, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 16854 · PA — sent to you.
ZIP 16854 · PA
ACS rent vs 2BR SAFMR
ZIP 16854 — Millheim, 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 16854
- 1-unit detached29782.3%
- 1-unit attached205.5%
- 2–4 units133.6%
- 5–49 units318.6%
2–4 unit share 3.6% · 5–49 unit share 8.6% · combined 2–49 12.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $921 (all bedrooms, occupied rentals).
- Median contract rent $743.
- Renters paying ≥30% of income 21.8%; ≥50% 5.5%.
- FY2027 2BR SAFMR $1,270 (1.379× ACS median gross rent).
Population
781 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +25.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: not published for this ZIP.
- 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 16854 17.0% of occupied households are renters; vacancy is 10.3%; ACS median gross rent is $921; population increased +25.6% between the 2018 and 2023 ACS vintages; the housing stock includes 13 units in 2–4-unit structures and 31 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,270 versus ACS median gross rent of $921. 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 16854 is a Census / HUD profile for State College, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 16854 — Millheim, 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 16854?
ZIP 16854 (State College, PA MSA) has 781 residents, 324 households, a renter share of 17.0%, median household income of $66,667, and ACS 2023 median gross rent of $921. Vacancy is 10.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 16854?
ACS counts 13 units in 2-unit buildings, 0 in 3–4 unit buildings, 31 in 5–9, 0 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 44 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 16854?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,270. See the full schedule and 90–110% payment-standard band on the ZIP 16854 — Millheim, PA HUD Section 8 Payment Standards / SAFMR.
Does this Pennsylvania ZIP profile include Georgia listings?
No. ZIP 16854 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.