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 | $1,610 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,720 | $301,593 | 0.57% | F |
| 2BR | $2,080 | $543,241 | 0.38% | F |
| 3BR | $2,650 | $841,410 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 15222 in Pittsburgh, PA, presents an interesting scenario for both renters and landlords. The median income in this area stands at $114,167, which places it above average for many urban neighborhoods. However, when considering the market rate for rent, which is $1,959 (ZORI), the situation becomes more nuanced.
In comparison to the Fair Market Rent (FMR) of $1,740, set for zip code 15222 for fiscal year 2024, the market rate is notably higher. This indicates that the local rental market is pricing apartments beyond what is considered fair by federal standards, potentially putting financial strain on residents.
With 86.6% of the population being renters and a total population of 5,725, there is a significant demand for rental properties. Yet, the affordability gap between the median income and the ZORI suggests that many households may struggle to pay market rates without assistance. For those relying on Section 8 vouchers, the FMR provides a more manageable rent amount, making subsidized housing an attractive option.
This dynamic creates a competitive environment for landlords. While cash-paying tenants might offer higher rents, the prevalence of Section 8 vouchers means that accepting them could provide a steady stream of reliable income. Moreover, with such a high percentage of renters and limited affordable options, landlords who accept vouchers can tap into a substantial portion of the market.
The takeaway for landlords is clear: accepting Section 8 vouchers can be a strategic move in ZIP 15222. It allows them to cater to a larger segment of the population and compete effectively in a market where affordability is a significant concern. By doing so, landlords not only secure tenants but also contribute to the community's stability and growth.
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.