Section 8 Fair Market Rent (FMR) for ZIP 15090 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,610
1 Bedroom	$1,720
2 Bedrooms	$2,080
3 Bedrooms	$2,650
4 Bedrooms	$2,880
5 Bedrooms	$3,341
6 Bedrooms	$3,742
7 Bedrooms	$4,041
8 Bedrooms	$4,243

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

25,763

Median Household Income

$160,576

Housing Units

9,926

Renter Percentage

21.1%

Occupancy Rate

95.1%

Renter Occupied

1,987

Housing Authorities Serving ZIP 15090

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

To determine if a landlord should buy in ZIP code 15090 (Wexford, PA) for Section 8 purposes, follow this decision tree:

Does the Fair Market Rent (FMR) of $1740 cover the debt service on a property valued at $553,360?
- Yes: The FMR of $1740 is sufficient to clear the debt service on a $553,360 property, assuming typical financing terms. This makes Wexford a viable option for Section 8 investment.
- No: The FMR of $1740 does not cover the debt service on a $553,360 property under standard financing conditions. Consider properties with lower purchase prices or seek areas with higher FMRs.
Is the market rent ($1,907 ZORI) above, at, or below the FMR?
- Above: With a ZORI of $1,907, which is above the FMR of $1740, the area shows strong rental demand. Landlords can potentially charge market rates for non-Section 8 tenants while still covering costs with Section 8 rents.
- At: If market rent equals the FMR, landlords can expect stable rental income but may miss out on charging higher market rates. Still, the area remains attractive for Section 8 investments due to the alignment of market and FMR.
- Below: If market rent is below the FMR, landlords will be able to secure Section 8 tenants easily. However, they might face challenges in attracting non-Section 8 tenants willing to pay only the lower market rate.
Are 21.1% of residents renters and does a 7-day Days on Market (DOM) indicate enough demand?
- Yes: The 21.1% renter population combined with a 7-day DOM suggests a healthy demand for rentals. Landlords can expect quick tenancy turnover and minimal vacancy periods.
- No: If the renter population is significantly less than 21.1%, or if the DOM is longer than 7 days, there may not be enough demand to support a Section 8 investment.
- It Depends: If the renter percentage is close to 21.1% and the DOM is around 7 days, the demand is moderate. Landlords should consider additional factors such as local economic trends and competition before making a decision.

Based on these criteria, a landlord should find that Wexford, PA, is a suitable location for Section 8 investments, especially if they can acquire properties at or below $553,360 and if the market rent exceeds the FMR. The combination of market conditions and rental demand supports the viability of such investments.

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.