Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $147,010 | 1.05% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15081 in fiscal year 2024 is set at $860. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning that voucher holders can receive assistance up to this amount. However, it's important to note that this is not the rent you will charge; rather, it's the maximum subsidy the government will pay.
In comparison, the average rent for the same area according to the Census American Community Survey is $971. This indicates that landlords participating in the Section 8 program might need to adjust their expectations slightly downward, as the subsidy limits the total rent to $860. The local market rate is higher, suggesting potential for higher rents outside the program.
The demand for rentals in ZIP 15081 is strong, with 23.2% of the population being renters. This high percentage suggests a robust market for rental properties, including those that accept Section 8 vouchers.
When considering purchasing a property to use as a Section 8 rental, keep in mind that the median home value in this ZIP code is approximately $129,723. This figure helps you gauge the acquisition cost of a typical property suitable for the program. Given the demand and the payment standard, it's crucial to ensure that the property meets all the necessary criteria for the Section 8 program before making an investment.
One key aspect to verify before proceeding is whether the property complies with Housing Quality Standards (HQS). These standards cover a range of safety and habitability requirements that must be met for a unit to be eligible for the Section 8 program. Ensuring compliance will prevent any unexpected issues that could delay or prevent participation in the program.
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.