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Armstrong County/Ford City/16226

16226

ZIPSAFMR
Armstrong County, PA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$760$830
1 BR$850$890
2 BR$1,090$980
3 BR$1,430$1,060
4 BR$1,490$1,090
5 BR$1,713Not available
6 BR$1,971Not available
7 BR$2,266Not available
8 BR$2,606Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,090
Market rentUsed$980
Est. payment standard (93%)$1,020
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.93
2 BR
1.11
3 BR
1.35
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 16226 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 16226 (Ford City, PA) is $1,090 a month. That is up 6.9% from $1,020 in FY 2026. Ford City 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, 16226 is tied for the 12th-highest two-bedroom rent (county range $1,010–$1,490). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 16226 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 16226
BedroomsFY 2027Change90–110% range
Studio$760+8.6%$684–$836
1BR$850+9.0%$765–$935
2BR$1,090+6.9%$981–$1,199
3BR$1,430+8.3%$1,287–$1,573
4BR$1,490+4.9%$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 16226
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$850$1,090$1,430$1,490
FY 2026$700$780$1,020$1,320$1,420
FY 2025$680$750$990$1,260$1,450
FY 2024$600$670$880$1,100$1,350
FY 2023$560$640$840$1,030$1,260

Two-bedroom rent in nearby Armstrong County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 16226
16210$1,010−7.3%
16212$1,010−7.3%
16218$1,010−7.3%
16222$1,010−7.3%
16224$1,010−7.3%
16226Current$1,090—
16228$1,0900.0%
16229$1,020−6.4%
16236$1,050−3.7%
16238$1,010−7.3%
16240$1,010−7.3%
16242$1,010−7.3%

Questions about ZIP 16226 rents

How much will Section 8 pay for a two-bedroom in ZIP 16226?

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 $1,090 it would be $981 to $1,199. 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 16226 in?

ZIP 16226 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 16226 for FY 2027?

The two-bedroom FMR rose 6.9%, from $1,020 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 29.8%.

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