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Bedford County/New Paris/15554

15554

ZIPSAFMR
Bedford County, PA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$920$920
1 BR$980$980
2 BR$1,260$1,260
3 BR$1,610$1,610
4 BR$1,900$1,900
5 BR$2,185Not available
6 BR$2,513Not available
7 BR$2,890Not available
8 BR$3,323Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMRUsed$1,260
Market rentN/A
Est. payment standardN/A
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
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
--
Mortgage rate
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ZIP 15554 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15554 (New Paris, PA) is $1,260 a month. That is up 10.5% from $1,140 in FY 2026. New Paris is in the Bedford County, PA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,014. Among 32 ZIP codes in Bedford County, 15554 has the 3rd-highest two-bedroom rent (county range $1,010–$1,450). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15554 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15554
BedroomsFY 2027Change90–110% range
Studio$920+15.0%$828–$1,012
1BR$980+12.6%$882–$1,078
2BR$1,260+10.5%$1,134–$1,386
3BR$1,610+11.8%$1,449–$1,771
4BR$1,900+10.5%$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15554
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$920$980$1,260$1,610$1,900
FY 2026$800$870$1,140$1,440$1,720
FY 2025$720$780$1,010$1,290$1,550
FY 2024area FMR$608$643$845$1,071$1,253
FY 2023area FMR$635$639$821$1,056$1,200

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Bedford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15554
15521$1,230−2.4%
15522$1,040−17.5%
15530$1,010−19.8%
15533$1,070−15.1%
15534$1,010−19.8%
15535$1,140−9.5%
15537$1,010−19.8%
15539$1,450+15.1%
15545$1,010−19.8%
15550$1,010−19.8%
15554Current$1,260—
15559$1,450+15.1%

Questions about ZIP 15554 rents

How much will Section 8 pay for a two-bedroom in ZIP 15554?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 15554 in?

ZIP 15554 is in the Bedford County, PA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 15554 for FY 2027?

The two-bedroom FMR rose 10.5%, from $1,140 in FY 2026 to $1,260 in FY 2027. Since FY 2025 it has risen 24.8%.

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