Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $940 | $38,140 | 2.46% | A+ |
| 2BR | $1,140 | $63,289 | 1.8% | A+ |
| 3BR | $1,450 | $118,571 | 1.22% | A |
| 4BR | $1,580 | $127,418 | 1.24% | A |
U.S. Census Bureau data (2024)
The ZIP code 15022, located in Charleroi, Pennsylvania, stands out within Washington County due to its unique demographic and economic profile. With a population of 9,959 residents, it has a relatively low rental rate of 28.3%, indicating that a majority of the population owns their homes. The median income in the area is $58,387, which is slightly below the national average but still represents a stable financial situation for most households. The median home value of $91,714 is also indicative of an affordable housing market.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 15022 is set at $990 for fiscal year 2024. This figure contrasts sharply with the actual market rent, which is estimated at $799 according to the latest Census American Community Survey (ACS) data. This discrepancy means that landlords who participate in the Section 8 program can potentially charge higher rents than the current market rate, making it an attractive option for property owners looking to maximize their rental income. However, it also suggests that there might be a gap between the subsidized rents and what tenants can afford, leading to potential challenges in tenant retention.
Considering the data signature, ZIP 15022 appears to be in a stable phase. The modest median income and home values suggest a community that is financially grounded and less likely to experience rapid changes in housing demand or price volatility. The relatively low rental rate indicates that homeownership is prevalent, further supporting the notion of stability. Despite the economic challenges faced by some residents, the overall picture points towards a neighborhood where most people have a secure place to live, and the housing market remains steady.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.