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Armstrong County/Creekside/15732

15732

ZIPSAFMR
Armstrong County, PA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$730$600
1 BR$860$650
2 BR$1,010$840
3 BR$1,400$1,040
4 BR$1,520$910
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$62,907

Cost breakdown

+Likely effective rent$840
HUD FMR$1,010
Market rentUsed$840
Est. payment standard (90%)$910
-Principal and interest-$318
Loan amount$50,326
Down payment$12,581
Rate6.50%
Term30 years
-Operating costs-$322
Property taxes-$63
Insurance-$175
Utilities$0
HOA$0
Management-$84
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,840(110.0% ROI)
Projected value
$67,744
Return breakdown
Property appreciation+$4,837
Loan principal paid down+$1,803
Rental cash flow+$7,200
5-year hold
+$23,482(186.6% ROI)
Projected value
$71,174
Return breakdown
Property appreciation+$8,267
Loan principal paid down+$3,215
Rental cash flow+$12,000
10-year hold
+$49,281(391.7% ROI)
Projected value
$80,526
Return breakdown
Property appreciation+$17,619
Loan principal paid down+$7,662
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.32
2 BR
1.20
3 BR
1.35
4 BR
1.67
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15732 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15732 (Creekside, PA) is $1,010 a month. That is up 4.1% from $970 in FY 2026. Creekside 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, 15732 is tied for the 22nd-highest two-bedroom rent (county range $1,010–$1,490). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15732 is 11% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15732
BedroomsFY 2027Change90–110% range
Studio$730−2.7%$657–$803
1BR$860+2.4%$774–$946
2BR$1,010+4.1%$909–$1,111
3BR$1,400+6.9%$1,260–$1,540
4BR$1,520+2.7%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15732
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$730$860$1,010$1,400$1,520
FY 2026$750$840$970$1,310$1,480
FY 2025$710$790$910$1,220$1,380
FY 2024$630$710$930$1,160$1,430
FY 2023$620$710$930$1,140$1,400

Two-bedroom rent in nearby Armstrong County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15732
15613$1,200+18.8%
15618$1,0100.0%
15656$1,090+7.9%
15673$1,070+5.9%
15681$1,230+21.8%
15682$1,070+5.9%
15686$1,090+7.9%
15690$1,040+3.0%
15732Current$1,010—
15736$1,0100.0%
15774$1,0100.0%
16023$1,490+47.5%

Questions about ZIP 15732 rents

How much will Section 8 pay for a two-bedroom in ZIP 15732?

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 $1,010 it would be $909 to $1,111. 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 15732 in?

ZIP 15732 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 15732 for FY 2027?

The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 8.6%.

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