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Westmoreland County/Latrobe/15650

15650

ZIPSAFMR
Westmoreland County, PA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$910$940
1 BR$970$970
2 BR$1,170$1,050
3 BR$1,490$1,090
4 BR$1,620$1,160
5 BR$1,863Not available
6 BR$2,142Not available
7 BR$2,464Not available
8 BR$2,833Not available

Purchase Price Calculator

Maximum purchase price
$94,113

Cost breakdown

+Likely effective rent$1,050
HUD FMR$1,170
Market rentUsed$1,050
Est. payment standard (93%)$1,090
-Principal and interest-$476
Loan amount$75,290
Down payment$18,823
Rate6.50%
Term30 years
-Operating costs-$374
Property taxes-$94
Insurance-$175
Utilities$0
HOA$0
Management-$105
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,134(91.0% ROI)
Projected value
$101,349
Return breakdown
Property appreciation+$7,236
Loan principal paid down+$2,697
Rental cash flow+$7,200
5-year hold
+$29,178(155.0% ROI)
Projected value
$106,480
Return breakdown
Property appreciation+$12,367
Loan principal paid down+$4,810
Rental cash flow+$12,000
10-year hold
+$61,822(328.4% ROI)
Projected value
$120,473
Return breakdown
Property appreciation+$26,360
Loan principal paid down+$11,462
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
1.00
2 BR
1.11
3 BR
1.37
4 BR
1.40
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15650 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15650 (Latrobe, PA) is $1,170 a month. That is up 4.5% from $1,120 in FY 2026. Latrobe 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, 15650 is tied for the 47th-highest two-bedroom rent (county range $1,010–$2,030). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15650 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15650
BedroomsFY 2027Change90–110% range
Studio$910+5.8%$819–$1,001
1BR$970+4.3%$873–$1,067
2BR$1,170+4.5%$1,053–$1,287
3BR$1,490+4.2%$1,341–$1,639
4BR$1,620+5.2%$1,458–$1,782

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15650
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$970$1,170$1,490$1,620
FY 2026$860$930$1,120$1,430$1,540
FY 2025$890$950$1,140$1,450$1,570
FY 2024$810$850$1,020$1,290$1,410
FY 2023$750$790$950$1,210$1,320

Two-bedroom rent in nearby Westmoreland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15650
15639$2,030+73.5%
15640$1,060−9.4%
15641$1,030−12.0%
15642$1,300+11.1%
15644$1,240+6.0%
15646$1,1700.0%
15647$1,300+11.1%
15650Current$1,170—
15655$1,200+2.6%
15656$1,090−6.8%
15658$1,230+5.1%
15660$1,140−2.6%

Questions about ZIP 15650 rents

How much will Section 8 pay for a two-bedroom in ZIP 15650?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 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 15650 in?

ZIP 15650 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 15650 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,120 in FY 2026 to $1,170 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 rentLatrobe, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources