Section 8 Fair Market Rent (FMR) for ZIP 15131 - 2027

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

Investment Score for ZIP 15131

C
Monthly Rent (2BR)
$1,290
Median Price (2BR)
$141,190
1% Rule
0.91%
Annual Yield
10.96%

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$1,000
1 Bedroom$1,060
2 Bedrooms$1,290
3 Bedrooms$1,650
4 Bedrooms$1,790
5 Bedrooms$2,076
6 Bedrooms$2,325
7 Bedrooms$2,511
8 Bedrooms$2,637

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,290 $141,190 0.91% C
3BR $1,650 $192,459 0.86% C
4BR $1,790 $242,321 0.74% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
8,209
Median Household Income
$61,744
Housing Units
4,310
Renter Percentage
30.5%
Occupancy Rate
96.7%
Renter Occupied
1,272

The ZIP code 15131, located in White Oak, PA, is home to 8,209 residents, with 30.5% of them being renters. This makes it a moderately renter-heavy area, suggesting there is some depth to the voucher demand, though not overwhelming. The median household income in this ZIP code stands at $61,744, which provides a useful benchmark for assessing the affordability of housing.

The market rent in ZIP 15131 is $997 per month, representing approximately 19.1% of the median household income when calculated on an annual basis. This figure is slightly below the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, which is $1080 for this ZIP code. The FMR is a guideline used to determine payment standards for housing assistance programs such as Section 8, indicating that properties renting close to $997 may be well-positioned to attract voucher holders without exceeding the subsidy limits.

To put these numbers into perspective, consider that a significant portion of the renter population would likely qualify for housing assistance based on their income levels. With a median income of $61,744, many households could find the market rent of $997 to be a substantial burden, making them ideal candidates for Section 8 vouchers. Landlords in this area can expect tenants who rely on government subsidies to cover a substantial part of their rental costs, ensuring a steady and reliable source of income.

The expected tenant profile for landlords in ZIP 15131 would include individuals and families who benefit from Section 8 vouchers. These tenants are typically low-income earners who require financial assistance to afford housing. Given the relatively high proportion of renters and the alignment between market rents and the FMR, landlords should anticipate a consistent demand for affordable housing options.

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.