15601

ZIPSAFMR

Westmoreland County, PA

ZIP Investment Score

93Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$980	$1,080	6.6%
1 BR	$1,050	$1,040	6.9%
2 BR	$1,270	$1,180	7.2%
3 BR	$1,620	$1,480	7.3%
4 BR	$1,760	$1,580	7.4%
5 BR	$2,024	Not available	7.4%
6 BR	$2,328	Not available	7.4%
7 BR	$2,677	Not available	7.4%
8 BR	$3,078	Not available	7.4%

Purchase Price Calculator

Maximum purchase price

$113,431

Cost breakdown

+Likely effective rent$1,180

HUD FMR$1,270

Market rentUsed$1,180

Est. payment standard (95%)$1,210

-Principal and interest-$574

Loan amount$90,745

Down payment$22,686

Rate6.50%

Term30 years

-Operating costs-$406

Property taxes-$113

Insurance-$175

Utilities$0

HOA$0

Management-$118

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,173(84.5% ROI)

Projected value

$122,153

Return breakdown

Property appreciation+$8,722

Loan principal paid down+$3,251

Rental cash flow+$7,200

5-year hold

+$32,703(144.2% ROI)

Projected value

$128,337

Return breakdown

Property appreciation+$14,906

Loan principal paid down+$5,798

Rental cash flow+$12,000

10-year hold

+$69,585(306.7% ROI)

Projected value

$145,201

Return breakdown

Property appreciation+$31,770

Loan principal paid down+$13,815

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.82ratio

FMR$980

Market$1,190

vs market-$210

FMR is below market; voucher rent may lag private rents.

0.82

1 BR

1.01ratio

FMR$1,050

Market$1,040

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

2 BR

1.08ratio

FMR$1,270

Market$1,180

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.08

3 BR

1.09ratio

FMR$1,620

Market$1,480

vs market+$140

FMR is near market; voucher and private rents are aligned.

1.09

4 BR

1.11ratio

FMR$1,760

Market$1,580

vs market+$180

FMR is above market; underwrite to market rent.

1.11

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 15601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15601 (Greensburg, PA) is $1,270 a month. That is up 8.5% from $1,170 in FY 2026. Greensburg 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, 15601 is tied for the 19th-highest two-bedroom rent (county range $1,010–$2,030). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15601 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15601
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$900	$980	+8.9%	$882–$1,078
1BR	$970	$1,050	+8.2%	$945–$1,155
2BR	$1,170	$1,270	+8.5%	$1,143–$1,397
3BR	$1,500	$1,620	+8.0%	$1,458–$1,782
4BR	$1,610	$1,760	+9.3%	$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15601
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$980	$1,050	$1,270	$1,620	$1,760
FY 2026	$900	$970	$1,170	$1,500	$1,610
FY 2025	$880	$940	$1,130	$1,440	$1,550
FY 2024	$810	$860	$1,030	$1,310	$1,420
FY 2023	$780	$820	$990	$1,260	$1,380

Two-bedroom rent in nearby Westmoreland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 15601
15601Current	$1,270	—
15606	$1,170	−7.9%
15610	$1,210	−4.7%
15611	$1,010	−20.5%
15612	$1,050	−17.3%
15613	$1,200	−5.5%
15615	$1,300	+2.4%
15616	$1,400	+10.2%
15617	$1,020	−19.7%
15618	$1,010	−20.5%
15619	$1,270	0.0%
15620	$1,290	+1.6%

Questions about ZIP 15601 rents

How much will Section 8 pay for a two-bedroom in ZIP 15601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,270, that basic range is $1,143 to $1,397 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 15601 in?

ZIP 15601 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 15601 for FY 2027?

The two-bedroom FMR rose 8.5%, from $1,170 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 28.3%.

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 rent Greensburg, PA fair market rent PA statewide rents What is SAFMR?Data sources