Section 8 Fair Market Rent (FMR) for ZIP 15076 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$1,010
2 Bedrooms	$1,220
3 Bedrooms	$1,560
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,010

Median Household Income

$50,573

Housing Units

442

Renter Percentage

37.6%

Occupancy Rate

94.3%

Renter Occupied

157

Housing Authorities Serving ZIP 15076

Housing Authority of the City of Pittsburgh (Pittsburgh, PA) - 7,534 Section 8 vouchers
ALLEGHENY COUNTY HOUSING AUTHORITY (Mc Kees Rocks, PA) - 6,622 Section 8 vouchers
HOUSING AUTHORITY OF THE CITY OF MCKEESPORT (McKeesport, PA) - 561 Section 8 vouchers

Russellton, PA, located in ZIP code 15076, is a small town that offers a unique opportunity for real-estate investors interested in Section 8 housing. The town's characteristics make it a suitable market for both landlords and small-portfolio investors looking to capitalize on federal rental assistance programs.

The Fair Market Rent (FMR) for ZIP 15076 is set at $980 per month for fiscal year 2024, indicating the maximum amount the government will pay for a rental unit in this area.
The average market rent in Russellton, as reported by the Census Bureau's American Community Survey (ACS), is $731. This suggests that there is potential for landlords to receive higher rents through Section 8 contracts compared to the typical market rate.
The median home value in Russellton is $135,946, which is relatively low and could mean lower property acquisition costs for investors.
Renters make up 37.6% of the population in Russellton, indicating a significant portion of residents who might qualify for Section 8 assistance.
The median household income in the area is $50,573, providing insight into the economic profile of potential tenants.

The combination of a moderate Fair Market Rent, a lower market rent, and a substantial renter population makes Russellton an attractive location for Section 8 investments. Landlords can expect to benefit from stable rental incomes supported by government subsidies, while the relatively low median home value offers opportunities for affordable property purchases. The economic conditions suggest a steady demand for affordable housing, making Section 8 properties a reliable investment option in ZIP 15076.

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.