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Indiana County/Ernest/15739

15739

ZIPSAFMR
Indiana County, PA
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$810$600
1 BR$950$740
2 BR$1,110$840
3 BR$1,530$1,030
4 BR$1,670$910
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$62,907

Cost breakdown

+Likely effective rent$840
HUD FMR$1,110
Market rentUsed$840
Est. payment standard (90%)$1,000
-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
1.35
1 BR
1.28
2 BR
1.32
3 BR
1.49
4 BR
1.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 15739 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 15739 (Ernest, PA) is $1,110 a month. That is up 2.8% from $1,080 in FY 2026. Ernest is in the Indiana County, PA non-metropolitan 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 county-wide two-bedroom FMR of $1,014. Among 54 ZIP codes in Indiana County, 15739 has the 10th-highest two-bedroom rent (county range $1,010–$1,380). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15739 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 15739
BedroomsFY 2027Change90–110% range
Studio$810−3.6%$729–$891
1BR$950+1.1%$855–$1,045
2BR$1,110+2.8%$999–$1,221
3BR$1,530+4.8%$1,377–$1,683
4BR$1,670+0.6%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 15739
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$950$1,110$1,530$1,670
FY 2026$840$940$1,080$1,460$1,660
FY 2025$800$890$1,010$1,370$1,550
FY 2024area FMR$627$741$859$1,136$1,243
FY 2023area FMR$612$706$831$1,073$1,125

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Indiana County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 15739
15728$1,130+1.8%
15729$1,010−9.0%
15731$1,040−6.3%
15732$1,010−9.0%
15734$1,100−0.9%
15739Current$1,110—
15741$1,010−9.0%
15742$1,010−9.0%
15745$1,060−4.5%
15746$1,010−9.0%
15747$1,010−9.0%
15748$1,070−3.6%

Questions about ZIP 15739 rents

How much will Section 8 pay for a two-bedroom in ZIP 15739?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 15739 in?

ZIP 15739 is in the Indiana County, PA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 15739 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,080 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 9.9%.

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

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