Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
U.S. Census Bureau data (2024)
The ZIP code 15275 presents a unique opportunity for real estate investors, particularly those interested in Section 8 properties. With a Fair Market Rent (FMR) of $1230 for fiscal year 2024, this area has a clearly defined rental market that is supported by government subsidies. The lack of data on market rents and home values suggests limited private sector activity, which can be an advantage for those focused on subsidized housing.
The stability of the market is indicated by the high percentage of renters at 100.0%. This statistic points towards a strong demand for rental properties, which is essential for maintaining consistent cash flow. However, the absence of data on days on market (DOM) and median income complicates a full assessment of stability. Typically, lower DOM indicates quicker property turnover, which can be beneficial for landlords. Median income figures help gauge the economic health of the area and the ability of residents to pay rent consistently.
Given the complete reliance on renters and the defined FMR without comparable market rent or home value data, 15275 leans towards being a steady-cashflow zone. The guaranteed income from the Section 8 program supports this classification, as it provides a stable source of rental revenue. However, the potential for low stability remains due to the unknown factors regarding DOM and median income. These missing pieces could affect the long-term viability and flexibility of investment strategies in this area.
To conclude, while 15275 offers a high-yield potential due to the government-set FMR, the overall stability cannot be fully assessed without additional data. For landlords and small-portfolio investors, this ZIP code represents a reliable income stream but requires further investigation into local economic conditions and rental market dynamics before making a final investment decision.
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.