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Allegheny County/Braddock/15104

15104

ZIPSAFMR
Allegheny County, PA
Zillow

ZIP Investment Score

118Above average

095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$900$990
2 BR$1,090$1,170
3 BR$1,390$1,410
4 BR$1,510$1,610
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,090
Market rent$1,210
Est. payment standard (107%)Used$1,170
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.83
2 BR
0.90
3 BR
0.98
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15104 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15104 (Braddock, PA) is $1,090 a month. That is up 5.8% from $1,030 in FY 2026. Braddock is in the Pittsburgh, PA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 141 ZIP codes in Allegheny County, 15104 has the 129th-highest two-bedroom rent (county range $1,010–$2,080). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15104 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15104
BedroomsFY 2027Change90–110% range
Studio$840+6.3%$756–$924
1BR$900+5.9%$810–$990
2BR$1,090+5.8%$981–$1,199
3BR$1,390+5.3%$1,251–$1,529
4BR$1,510+6.3%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15104
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$900$1,090$1,390$1,510
FY 2026$790$850$1,030$1,320$1,420
FY 2025$780$830$1,000$1,280$1,370
FY 2024$730$770$920$1,170$1,270
FY 2023$690$720$870$1,110$1,210

Two-bedroom rent in nearby Allegheny County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15104
15089$1,060−2.8%
15090$2,080+90.8%
15091$1,480+35.8%
15096$1,480+35.8%
15101$1,540+41.3%
15102$1,530+40.4%
15104Current$1,090—
15106$1,330+22.0%
15108$1,510+38.5%
15110$1,010−7.3%
15112$1,100+0.9%
15116$1,360+24.8%

Questions about ZIP 15104 rents

How much will Section 8 pay for a two-bedroom in ZIP 15104?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,090, that basic range is $981 to $1,199 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 15104 in?

ZIP 15104 is in the Pittsburgh, PA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 15104 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,030 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 25.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBraddock, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources