Section 8 Fair Market Rent (FMR) for ZIP 15044 - 2027

Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area

Investment Score for ZIP 15044

Monthly Rent (2BR)

$1,430

Median Price (2BR)

$267,172

1% Rule

0.54%

Annual Yield

6.42%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,110
1 Bedroom	$1,180
2 Bedrooms	$1,430
3 Bedrooms	$1,820
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,430	$267,172	0.54%	F
3BR	$1,820	$371,413	0.49%	F
4BR	$1,980	$602,480	0.33%	F
5BR	$2,297	$1,002,767	0.23%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

27,370

Median Household Income

$136,723

Housing Units

11,365

Renter Percentage

6.1%

Occupancy Rate

95.2%

Renter Occupied

655

Gibsonia, PA, located in ZIP code 15044, is a suburban community known for its family-friendly environment and proximity to Pittsburgh. This area offers a mix of rental and homeownership opportunities, with a variety of housing types catering to different demographics.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 15044 for fiscal year 2024 is set at $1250.
The average market rent for properties in Gibsonia, according to the Census Bureau's American Community Survey (ACS), stands at $1,573 per month.
The median home value in this ZIP code is $463,462, indicating a relatively stable housing market.
Renters make up only 6.1% of the population, suggesting that homeownership is more prevalent in this area.
The days on market (DOM) for rental listings is 29 days, which is a moderate figure that reflects neither an oversaturated nor a highly competitive rental market.
The median household income in ZIP 15044 is $136,723, providing evidence of a financially stable resident base capable of supporting higher rents and property values.

For investors looking to enter the Gibsonia market, the key takeaway is that while the rental market is present, it is not as dominant as in many other areas. The relatively high median income supports both rental and homeownership markets, but the FMR and market rent suggest that rental prices are competitive and likely to remain so. Given the moderate DOM and the higher median home value, investing in rental properties could be profitable if priced appropriately, though the focus might be better placed on long-term homeownership investments due to the strong preference for owning homes over renting in this ZIP code.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.