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Allegheny County/Pittsburgh/15289

15289

ZIPFMR
Allegheny County, PA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,075$1,180
1 BR$1,146$1,260
2 BR$1,389$1,530
3 BR$1,773$1,950
4 BR$1,925$2,120
5 BR$2,214Not available
6 BR$2,546Not available
7 BR$2,928Not available
8 BR$3,367Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,389
Market rent$2,650
Est. payment standard (110%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.74
2 BR
0.52
3 BR
0.55
4 BR
0.53
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 15289 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 15289 (Pittsburgh, PA) is $1,389 a month. That is up 6.9% from $1,299 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. The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15289 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15289
BedroomsFY 2027Change90–110% range
Studio$1,075+7.4%$968–$1,183
1BR$1,146+6.4%$1,031–$1,261
2BR$1,389+6.9%$1,250–$1,528
3BR$1,773+6.7%$1,596–$1,950
4BR$1,925+7.6%$1,733–$2,118

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15289
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,075$1,146$1,389$1,773$1,925
FY 2026$1,001$1,077$1,299$1,661$1,789
FY 2025$998$1,068$1,280$1,632$1,759
FY 2024$917$965$1,161$1,474$1,605
FY 2023$862$904$1,090$1,386$1,515

Questions about ZIP 15289 rents

How much will Section 8 pay for a two-bedroom in ZIP 15289?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,389, that basic range is $1,250 to $1,528 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 15289 in?

ZIP 15289 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 15289 for FY 2027?

The two-bedroom FMR rose 6.9%, from $1,299 in FY 2026 to $1,389 in FY 2027. Since FY 2023 it has risen 27.4%.

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 Fair Market Rents. 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