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Westmoreland County/Somerset/15501

15501

ZIPSAFMR
Westmoreland County, PA
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$750$800
1 BR$850$820
2 BR$1,010$890
3 BR$1,350$970
4 BR$1,570$1,030
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$70,337

Cost breakdown

+Likely effective rent$890
HUD FMR$1,010
Market rentUsed$890
Est. payment standard (92%)$930
-Principal and interest-$356
Loan amount$56,270
Down payment$14,067
Rate6.50%
Term30 years
-Operating costs-$334
Property taxes-$70
Insurance-$175
Utilities$0
HOA$0
Management-$89
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,624(104.0% ROI)
Projected value
$75,745
Return breakdown
Property appreciation+$5,408
Loan principal paid down+$2,016
Rental cash flow+$7,200
5-year hold
+$24,838(176.6% ROI)
Projected value
$79,580
Return breakdown
Property appreciation+$9,243
Loan principal paid down+$3,595
Rental cash flow+$12,000
10-year hold
+$52,267(371.5% ROI)
Projected value
$90,037
Return breakdown
Property appreciation+$19,700
Loan principal paid down+$8,566
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
1.04
2 BR
1.13
3 BR
1.39
4 BR
1.52
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15501 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15501 (Somerset, PA) is $1,010 a month. That is up 4.1% from $970 in FY 2026. Somerset 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 95 ZIP codes in Westmoreland County, 15501 is tied for the 87th-highest two-bedroom rent (county range $1,010–$2,030). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15501 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15501
BedroomsFY 2027Change90–110% range
Studio$750−9.6%$675–$825
1BR$850+2.4%$765–$935
2BR$1,010+4.1%$909–$1,111
3BR$1,350+3.1%$1,215–$1,485
4BR$1,570+6.8%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15501
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$850$1,010$1,350$1,570
FY 2026$830$830$970$1,310$1,470
FY 2025$780$790$910$1,230$1,320
FY 2024$670$700$850$1,070$1,170
FY 2023$650$680$820$1,040$1,140

Two-bedroom rent in nearby Westmoreland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15501
15448$1,200+18.8%
15479$1,210+19.8%
15501Current$1,010—
15531$1,170+15.8%
15601$1,270+25.7%
15606$1,170+15.8%
15610$1,210+19.8%
15611$1,0100.0%
15612$1,050+4.0%
15613$1,200+18.8%
15615$1,300+28.7%
15616$1,400+38.6%

Questions about ZIP 15501 rents

How much will Section 8 pay for a two-bedroom in ZIP 15501?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,010, that basic range is $909 to $1,111 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 15501 in?

ZIP 15501 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 15501 for FY 2027?

The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 23.2%.

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