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Fayette County/Chestnut Ridge/15422

15422

ZIPSAFMR
Fayette County, PA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,010$1,010
2 BR$1,220$1,220
3 BR$1,560$1,560
4 BR$1,690$1,690
5 BR$1,943Not available
6 BR$2,235Not available
7 BR$2,570Not available
8 BR$2,956Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMRUsed$1,220
Market rentN/A
Est. payment standardN/A
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 15422 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15422 (Chestnut Ridge, PA) is $1,220 a month. That is up 9.9% from $1,110 in FY 2026. Chestnut Ridge 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 68 ZIP codes in Fayette County, 15422 has the 17th-highest two-bedroom rent (county range $1,010–$1,730). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15422 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15422
BedroomsFY 2027Change90–110% range
Studio$950+10.5%$855–$1,045
1BR$1,010+9.8%$909–$1,111
2BR$1,220+9.9%$1,098–$1,342
3BR$1,560+9.9%$1,404–$1,716
4BR$1,690+10.5%$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15422
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,010$1,220$1,560$1,690
FY 2026$860$920$1,110$1,420$1,530
FY 2025$850$910$1,090$1,390$1,500
FY 2024$860$910$1,090$1,380$1,510
FY 2023$760$800$960$1,220$1,330

Two-bedroom rent in nearby Fayette County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15422
15413$1,190−2.5%
15415$1,080−11.5%
15416$1,060−13.1%
15417$1,010−17.2%
15420$1,280+4.9%
15421$1,080−11.5%
15422Current$1,220—
15424$1,070−12.3%
15425$1,040−14.8%
15428$1,120−8.2%
15430$1,240+1.6%
15431$1,030−15.6%

Questions about ZIP 15422 rents

How much will Section 8 pay for a two-bedroom in ZIP 15422?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 15422 in?

ZIP 15422 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 15422 for FY 2027?

The two-bedroom FMR rose 9.9%, from $1,110 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 27.1%.

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