Section 8 Fair Market Rent (FMR) for ZIP 14110 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,210
1 Bedroom	$1,230
2 Bedrooms	$1,460
3 Bedrooms	$1,780
4 Bedrooms	$2,030
5 Bedrooms	$2,355
6 Bedrooms	$2,638
7 Bedrooms	$2,849
8 Bedrooms	$2,991

The search for detailed demographic data on ZIP code 14110 did not yield the expected results, indicating that specific information such as population, percentage of renters, median income, and median home value might not be readily available or updated on the sources checked. However, focusing on the Section 8 program and the rent economics, we can still provide an investor view.

The Fair Market Rent (FMR) for ZIP code 14110 in fiscal year 2024 is set at $1190. This figure represents the amount that a landlord can expect to receive through the Section 8 program for a unit in this area. While the exact market rent is not specified, the FMR serves as a benchmark for assessing the viability of properties under the voucher program.

In terms of investment strategy, ZIP code 14110 seems to align well with hands-off voucher operators due to the reliance on government-set rents. Landlords should ensure their properties meet the required standards for the Section 8 program to avoid any disqualification issues. For hands-on value-add buyers, the lack of detailed demographic data makes it challenging to assess potential for renovation or improvement projects, which typically require a deeper understanding of the local market dynamics.

To make informed decisions, investors should consult additional resources for more granular data on the neighborhood characteristics of ZIP code 14110. This will help in evaluating whether the area supports long-term hands-off operations or if there is room for active management and improvements.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.