FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR
0.98ratio
FMR$860
Market$880
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR
1.16ratio
FMR$1,070
Market$920
vs market+$150
FMR is above market; underwrite to market rent.
1.16
3 BR
3 BR
1.35ratio
FMR$1,380
Market$1,020
vs market+$360
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR
1.39ratio
FMR$1,470
Market$1,060
vs market+$410
FMR is above market; underwrite to market rent.
1.39
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
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ZIP 15682 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15682 (Schenley, PA) is $1,070 a month. That is up 2.9% from $1,040 in FY 2026. Schenley 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, 15682 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 15682 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 15682
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$780
+4.0%
$702–$858
1BR
$820
$860
+4.9%
$774–$946
2BR
$1,040
$1,070
+2.9%
$963–$1,177
3BR
$1,330
$1,380
+3.8%
$1,242–$1,518
4BR
$1,430
$1,470
+2.8%
$1,323–$1,617
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 15682
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$860
$1,070
$1,380
$1,470
FY 2026
$750
$820
$1,040
$1,330
$1,430
FY 2025
$770
$840
$1,060
$1,340
$1,500
FY 2024
$630
$710
$930
$1,160
$1,430
FY 2023
$600
$690
$900
$1,110
$1,350
Two-bedroom rent in nearby Armstrong County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 15682?
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 15682 in?
ZIP 15682 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 15682 for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,040 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 18.9%.
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