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Allegheny County/Pittsburgh/15237

15237

ZIPSAFMR
Allegheny County, PA
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$1,320$980
1 BR$1,400$1,210
2 BR$1,700$1,660
3 BR$2,170$2,010
4 BR$2,360$2,550
5 BR$2,714Not available
6 BR$3,121Not available
7 BR$3,589Not available
8 BR$4,128Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,700
Market rentUsed$1,660
Est. payment standard (98%)$1,670
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.16
2 BR
1.02
3 BR
1.08
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15237 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15237 (Pittsburgh, PA) is $1,700 a month. That is up 7.6% from $1,580 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, 15237 is tied for the 20th-highest two-bedroom rent (county range $1,010–$2,080). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15237 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15237
BedroomsFY 2027Change90–110% range
Studio$1,320+8.2%$1,188–$1,452
1BR$1,400+6.9%$1,260–$1,540
2BR$1,700+7.6%$1,530–$1,870
3BR$2,170+7.4%$1,953–$2,387
4BR$2,360+8.3%$2,124–$2,596

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15237
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,400$1,700$2,170$2,360
FY 2026$1,220$1,310$1,580$2,020$2,180
FY 2025$1,200$1,280$1,540$1,960$2,120
FY 2024$1,110$1,160$1,400$1,780$1,930
FY 2023$1,200$1,260$1,520$1,930$2,110

Two-bedroom rent in nearby Allegheny County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15237
15231$1,480−12.9%
15232$2,080+22.4%
15233$1,520−10.6%
15234$1,350−20.6%
15235$1,420−16.5%
15236$1,470−13.5%
15237Current$1,700—
15238$1,470−13.5%
15239$1,510−11.2%
15240$1,480−12.9%
15241$2,080+22.4%
15243$1,760+3.5%

Questions about ZIP 15237 rents

How much will Section 8 pay for a two-bedroom in ZIP 15237?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 15237 in?

ZIP 15237 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 15237 for FY 2027?

The two-bedroom FMR rose 7.6%, from $1,580 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 11.8%.

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