Skip to main content
Loading page
Allegheny County/Pittsburgh/15235

15235

ZIPSAFMR
Allegheny County, PA
Zillow

ZIP Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,170$1,170
2 BR$1,420$1,290
3 BR$1,810$1,630
4 BR$1,970$1,850
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,420
Market rentUsed$1,290
Est. payment standard (94%)$1,340
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.81
1 BR
1.00
2 BR
1.10
3 BR
1.11
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 15235 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15235 (Pittsburgh, PA) is $1,420 a month. That is up 6.8% from $1,330 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, 15235 is tied for the 78th-highest two-bedroom rent (county range $1,010–$2,080). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15235 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15235
BedroomsFY 2027Change90–110% range
Studio$1,100+7.8%$990–$1,210
1BR$1,170+6.4%$1,053–$1,287
2BR$1,420+6.8%$1,278–$1,562
3BR$1,810+6.5%$1,629–$1,991
4BR$1,970+7.7%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15235
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,170$1,420$1,810$1,970
FY 2026$1,020$1,100$1,330$1,700$1,830
FY 2025$1,040$1,110$1,330$1,700$1,830
FY 2024$960$1,010$1,210$1,540$1,670
FY 2023$920$960$1,160$1,480$1,610

Two-bedroom rent in nearby Allegheny County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15235
15229$1,490+4.9%
15230$1,480+4.2%
15231$1,480+4.2%
15232$2,080+46.5%
15233$1,520+7.0%
15234$1,350−4.9%
15235Current$1,420—
15236$1,470+3.5%
15237$1,700+19.7%
15238$1,470+3.5%
15239$1,510+6.3%
15240$1,480+4.2%

Questions about ZIP 15235 rents

How much will Section 8 pay for a two-bedroom in ZIP 15235?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,420, that basic range is $1,278 to $1,562 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 15235 in?

ZIP 15235 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 15235 for FY 2027?

The two-bedroom FMR rose 6.8%, from $1,330 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 22.4%.

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