Skip to main content
Loading page
Lawrence County/New Castle/16108

16108

ZIPFMR
Lawrence County, PA
Zillow
Loading Investment Score

ZIP Investment Score

-- 

095130300
BRFMR
Eff. Rent
0 BR$763$790
1 BR$844$840
2 BR$1,095$960
3 BR$1,516$1,180
4 BR$1,682$1,180
5 BR$1,934Not available
6 BR$2,224Not available
7 BR$2,558Not available
8 BR$2,942Not available

Purchase Price Calculator

Maximum purchase price
$80,739

Cost breakdown

+Likely effective rent$960
HUD FMR$1,095
Market rentUsed$960
Est. payment standard (92%)$1,010
-Principal and interest-$408
Loan amount$64,591
Down payment$16,148
Rate6.50%
Term30 years
-Operating costs-$352
Property taxes-$81
Insurance-$175
Utilities$0
HOA$0
Management-$96
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,722(97.4% ROI)
Projected value
$86,947
Return breakdown
Property appreciation+$6,208
Loan principal paid down+$2,314
Rental cash flow+$7,200
5-year hold
+$26,737(165.6% ROI)
Projected value
$91,349
Return breakdown
Property appreciation+$10,610
Loan principal paid down+$4,127
Rental cash flow+$12,000
10-year hold
+$56,447(349.6% ROI)
Projected value
$103,353
Return breakdown
Property appreciation+$22,614
Loan principal paid down+$9,833
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.94
1 BR
1.00
2 BR
1.14
3 BR
1.28
4 BR
1.43
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 16108 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 16108 (New Castle, PA) is $1,095 a month. That is up 7.0% from $1,023 in FY 2026. New Castle is in the Lawrence County, PA HUD Metro FMR Area. The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 16108 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 16108
BedroomsFY 2027Change90–110% range
Studio$763+8.2%$687–$839
1BR$844+8.2%$760–$928
2BR$1,095+7.0%$986–$1,205
3BR$1,516+6.5%$1,364–$1,668
4BR$1,682+4.5%$1,514–$1,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 16108
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$763$844$1,095$1,516$1,682
FY 2026$705$780$1,023$1,423$1,610
FY 2025$655$728$955$1,338$1,520
FY 2024$590$663$871$1,208$1,386
FY 2023$562$638$840$1,109$1,320

Questions about ZIP 16108 rents

How much will Section 8 pay for a two-bedroom in ZIP 16108?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,095, that basic range is $986 to $1,205 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 16108 in?

ZIP 16108 is in the Lawrence County, PA HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 16108 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,023 in FY 2026 to $1,095 in FY 2027. Since FY 2023 it has risen 30.4%.

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 Fair Market Rents. 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 rentNew Castle, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources