Skip to main content
Loading page
Armstrong County/North Apollo/15673

15673

ZIPSAFMR
Armstrong County, PA
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$750$830
1 BR$840$890
2 BR$1,070$920
3 BR$1,400$1,000
4 BR$1,470$1,070
5 BR$1,690Not available
6 BR$1,944Not available
7 BR$2,236Not available
8 BR$2,571Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMR$1,070
Market rentUsed$920
Est. payment standard (91%)$970
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.84
1 BR
0.92
2 BR
1.16
3 BR
1.40
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15673 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15673 (North Apollo, PA) is $1,070 a month. That is up 5.9% from $1,010 in FY 2026. North Apollo is in the Armstrong County, PA HUD Metro 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 metro-wide two-bedroom FMR of $1,043. Among 38 ZIP codes in Armstrong County, 15673 is tied for the 16th-highest two-bedroom rent (county range $1,010–$1,490). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15673 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15673
BedroomsFY 2027Change90–110% range
Studio$750+7.1%$675–$825
1BR$840+9.1%$756–$924
2BR$1,070+5.9%$963–$1,177
3BR$1,400+6.9%$1,260–$1,540
4BR$1,470+4.3%$1,323–$1,617

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15673
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$840$1,070$1,400$1,470
FY 2026$700$770$1,010$1,310$1,410
FY 2025$670$740$970$1,230$1,420
FY 2024$580$650$850$1,060$1,310
FY 2023$550$630$820$1,010$1,240

Two-bedroom rent in nearby Armstrong County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15673
15613$1,200+12.1%
15618$1,010−5.6%
15656$1,090+1.9%
15673Current$1,070—
15681$1,230+15.0%
15682$1,0700.0%
15686$1,090+1.9%
15690$1,040−2.8%
15732$1,010−5.6%
15736$1,010−5.6%
15774$1,010−5.6%
16023$1,490+39.3%

Questions about ZIP 15673 rents

How much will Section 8 pay for a two-bedroom in ZIP 15673?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,043, which applies unless the housing authority uses Small Area FMRs, that basic range is $939 to $1,147 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 15673 in?

ZIP 15673 is in the Armstrong County, PA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,043.

How much did fair market rent change in ZIP 15673 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,010 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 30.5%.

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