HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Venango County, Pennsylvania (FY 2027)
A two-bedroom in Venango County carries a FY 2027 Fair Market Rent of $1,014 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Venango keys off that figure.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in Pennsylvania
66th of 67
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $706 | $635–$777 | $28,240 | $13.58/hr | +5.2% |
| 1 bedroom | $775 | $698–$853 | $31,000 | $14.90/hr | +4.4% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,276 | $1,148–$1,404 | $51,040 | $24.54/hr | +4.5% |
| 4 bedroom | $1,429 | $1,286–$1,572 | $57,160 | $27.48/hr | +2.6% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,643 | $1,479–$1,807 |
| 6 bedroom Estimate | $1,858 | $1,672–$2,044 |
| 7 bedroom Estimate | $2,072 | $1,865–$2,279 |
| 8 bedroom Estimate | $2,286 | $2,057–$2,515 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Venango actually rent for?
Search any address in Venango for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Venango somewhere between $913 and $1,115. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.1% a year. The Pennsylvania median held flat over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $563 | $572 | $714 | $890 | $1,142 | — |
| FY 2021 | $553 | $583 | $724 | $901 | $1,204 | +1.4% |
| FY 2022 | $534 | $601 | $757 | $936 | $1,218 | +4.6% |
| FY 2023 | $549 | $651 | $821 | $1,024 | $1,242 | +8.5% |
| FY 2024 | $573 | $648 | $845 | $1,067 | $1,232 | +2.9% |
| FY 2025 | $623 | $692 | $908 | $1,132 | $1,305 | +7.5% |
| FY 2026 | $671 | $742 | $973 | $1,221 | $1,393 | +7.2% |
| FY 2027In effect | $706 | $775 | $1,014 | $1,276 | $1,429 | +4.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Venango, that runs from $706 for a studio up to $1,429 for four bedrooms, all five rates in the table above.
Because Venango sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Oil City included.
Among Pennsylvania's 67 counties, Venango ranks 66th for two-bedroom FMR. That's about 11% below the state median of $1,136 and about 5% below the national median county at $1,063. About 49,801 people live here, 44th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 16319 (Cranberry) and $1,500 in 16317 (Cooperstown), with the 14 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 16301 | Oil City | $1,030 | +1.6% |
| 16317 | Cooperstown | $1,500 | +47.9% |
| 16319 | Cranberry | $1,010 | -0.4% |
| 16323 | Franklin | $1,030 | +1.6% |
| 16341 | Pleasantville | $1,010 | -0.4% |
| 16342 | Polk | $1,010 | -0.4% |
| 16343 | Reno | $1,030 | +1.6% |
| 16344 | Rouseville | $1,260 | +24.3% |
| 16346 | Seneca | $1,010 | -0.4% |
| 16362 | Utica | $1,010 | -0.4% |
| 16364 | Venus | $1,110 | +9.5% |
| 16372 | Clintonville | $1,010 | -0.4% |
| 16373 | Emlenton | $1,010 | -0.4% |
| 16374 | Kennerdell | $1,020 | +0.6% |
Nearby counties
Two-bedroom FMR, with how each compares to Venango.
Clarion County
21 mi · 37,179 people
$1,014
same rate
Forest County
25 mi · 6,715 people
$1,014
same rate
Crawford County
27 mi · 82,716 people
$1,014
same rate
Mercer County
29 mi · 109,257 people
$1,028
+1%
Butler County
34 mi · 197,254 people
$1,389
+37%
Warren County
39 mi · 37,920 people
$1,014
same rate
Armstrong County
42 mi · 64,622 people
$1,043
+3%
Lawrence County
42 mi · 85,024 people
$1,095
+8%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $706 for a studio, $775 for one bedroom, $1,276 for three and $1,429 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Venango actually go for?
HUD's number is one input. Search any address in Venango for a rent estimate built from nearby comps. Free to start, no card.
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