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 | $1,190 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $253,696 | 0.61% | D |
| 3BR | $1,970 | $330,664 | 0.6% | F |
| 4BR | $2,130 | $501,691 | 0.42% | F |
| 5BR | $2,471 | $690,048 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 15101, encompassing Allison Park, PA, presents a dynamic rental market that is currently balanced but leaning towards demand. With a Fair Market Rent (FMR) set at $1,330 for fiscal year 2024 and a market rent indicator, ZORI, at $1,314, it's evident that the rental rates are closely aligned with the government's benchmark. This suggests a healthy market where landlords can charge competitive rates without significant downward pressure.
The low price-cut share of 0.2% indicates that landlords rarely need to lower their asking prices to attract tenants, implying strong tenant interest and a robust demand environment. The days on market (DOM) average of 29 days further supports this, showing that properties are typically occupied quickly, suggesting an active and responsive tenant pool.
The median home value of $378,236 places Allison Park in a mid-tier range for home values, which can be indicative of a stable local economy and moderate income levels among residents. This stability contributes to the overall health of the housing market, making it less volatile and more predictable for both buyers and renters.
A key factor in understanding the long-term dynamics of the housing market in Allison Park is the 21.1% renter share. This relatively low percentage of renters compared to homeowners means there is ongoing pressure for rental units as a significant portion of the population prefers to own homes. However, this also implies that a substantial number of residents are not yet in a position to purchase homes, possibly due to financial constraints or preference for renting. As a result, landlords can expect consistent demand for rental properties, even if the market is not characterized by rapid growth or expansion.
In summary, the market in ZIP 15101 demonstrates a trend where demand meets supply effectively, with slight indications of demand outpacing supply. Landlords should anticipate steady occupancy rates and minimal necessity for price adjustments. The presence of a considerable homeowner base alongside a persistent renter population suggests a resilient market capable of withstanding economic fluctuations while maintaining a balance between rental and ownership options.
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.