Section 8 Fair Market Rent (FMR) for ZIP 15078 - 2027

Investment Score for ZIP 15078

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	$940
1 Bedroom	$1,000
2 Bedrooms	$1,210
3 Bedrooms	$1,540
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,540	$145,342	1.06%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, the analysis of the Section 8 program in ZIP 15078 highlights a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for ZIP 15078 in fiscal year 2024 is set at $1030. However, recent market data indicates that the typical rent for 3+ bedroom units, which often qualify for Section 8 vouchers, is priced between $750 - $999 per month. This suggests that the FMR is higher than the current market rent.

The gap between the FMR and market rent is $281 - $530, or approximately 27% - 52%, depending on the exact market rate within the given range. This discrepancy makes ZIP 15078 a favorable location for landlords and small-portfolio investors who want to participate in the Section 8 program. Voucher tenants can provide a steady stream of income, ensuring that landlords receive the higher FMR rate, even when the open-market rent is lower.

In the broader context of Slovan, PA, where ZIP 15078 is located, the rental market is characterized by 29.2% of residents being renters. The median home value stands at $101,350, while the median household income is $82,303. These figures indicate that the area is moderately priced, but the income levels suggest that many residents might rely on assistance programs like Section 8 to afford housing.

Landlords should be aware that accepting Section 8 tenants means they will be receiving government-subsidized rents rather than market-based rates. While this can be a reliable source of income, it also means that the property might not be rented at the highest possible market rate. Nonetheless, the higher FMR compared to the market rent makes this ZIP code a strategic choice for those looking to maximize their yield through the Section 8 program.

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.