Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 15072 in the Pittsburgh, PA HUD Metro FMR area reveals several key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1010 for the fiscal year 2024. However, due to the lack of available market rent data, it's challenging to directly compare the HUD FMR to current market conditions.
The voucher tenants in this area will likely cashflow at the FMR rate of $1010. This means that landlords can expect to cover their expenses and generate a profit without needing to rely on premium units. The absence of specific market rent figures suggests that the FMR closely aligns with what tenants can afford, making it easier for landlords to manage expectations and ensure profitability.
Additionally, the median home value in the area is not available, which makes deriving an exact rent-to-price ratio difficult. Nonetheless, the high FMR indicates a potentially strong rental market, suggesting that buying properties could be less financially attractive compared to renting them out. This is particularly relevant given the uncertainty around the median days on market (DOM) and the percentage of price cuts shared among sellers.
In conclusion, the strongest investor angle in ZIP 15072 is cashflow. Landlords can secure steady income by accepting voucher tenants at the HUD FMR rate of $1010, ensuring reliable returns without the need for premium pricing or additional financial risks associated with owning a property in this area.
Data Sources: FMR data from HUD (2027). 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.