Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
U.S. Census Bureau data (2024)
ZIP code 15075 is positioned within the Pittsburgh, PA HUD Metro FMR Area. Its Fair Market Rent (FMR) for a two-bedroom home in fiscal year 2024 is set at $1,210. This figure is higher than the metro-wide average FMR of $1,161 for a two-bedroom unit in Pittsburgh.
The lack of specific market rent and home value data for ZIP 15075 means that direct comparisons cannot be made to other ZIP codes within the area. However, given the above-average FMR, it suggests that the rental market in 15075 could be slightly more expensive compared to the overall metro average.
A notable characteristic of ZIP 15075 is its 33.3% renter share, which is relatively high. High renter shares often indicate a strong demand for rental properties, which can be beneficial for landlords and small-portfolio investors. However, without specific market rent and home value data, it's difficult to determine if this ZIP code represents a value pocket, a mid-tier neighborhood, or a premium sub-market within the larger metro area.
Based on the available information, ZIP 15075 appears to have above-average rental costs but also a significant share of renters. This combination could signal a potential sweet spot for Section 8 tenants, especially if market rents are lower than the FMR. However, further investigation into local market rents would be necessary to confirm this hypothesis.
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.