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Allegheny County/Pittsburgh/15207

15207

ZIPSAFMR
Allegheny County, PA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,060
1 BR$1,200$1,080
2 BR$1,450$1,280
3 BR$1,850$1,740
4 BR$2,010$1,890
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMR$1,450
Market rentUsed$1,280
Est. payment standard (92%)$1,340
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
1.11
2 BR
1.13
3 BR
1.06
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15207 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15207 (Pittsburgh, PA) is $1,450 a month. That is up 7.4% from $1,350 in FY 2026. Pittsburgh 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, 15207 has the 71st-highest two-bedroom rent (county range $1,010–$2,080). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15207 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15207
BedroomsFY 2027Change90–110% range
Studio$1,120+7.7%$1,008–$1,232
1BR$1,200+7.1%$1,080–$1,320
2BR$1,450+7.4%$1,305–$1,595
3BR$1,850+6.9%$1,665–$2,035
4BR$2,010+8.1%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15207
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,200$1,450$1,850$2,010
FY 2026$1,040$1,120$1,350$1,730$1,860
FY 2025$1,050$1,120$1,340$1,710$1,840
FY 2024$950$1,000$1,200$1,520$1,660
FY 2023$890$930$1,120$1,420$1,560

Two-bedroom rent in nearby Allegheny County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15207
15201$1,990+37.2%
15202$1,510+4.1%
15203$1,940+33.8%
15204$1,460+0.7%
15205$1,610+11.0%
15206$1,790+23.4%
15207Current$1,450—
15208$1,570+8.3%
15209$1,360−6.2%
15210$1,430−1.4%
15211$1,770+22.1%
15212$1,540+6.2%

Questions about ZIP 15207 rents

How much will Section 8 pay for a two-bedroom in ZIP 15207?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 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 15207 in?

ZIP 15207 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 15207 for FY 2027?

The two-bedroom FMR rose 7.4%, from $1,350 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 29.5%.

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