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 | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $160,435 | 0.7% | D |
| 3BR | $1,440 | $249,275 | 0.58% | F |
| 4BR | $1,570 | $284,042 | 0.55% | F |
U.S. Census Bureau data (2024)
16.1% of Claysville, PA's residents are renters, indicating a moderate demand for rental properties in ZIP code 15323. The $221,071 median home value suggests a relatively stable housing market where property values have remained consistent. However, the $826 average market rent, as reported by the Census ACS, is significantly lower than the $1030 Fair Market Rent (FMR) set for zip code 15323 in fiscal year 2024, which implies potential opportunities for landlords who can offer quality accommodations at competitive rates. This gap between the FMR and the market rent could be leveraged by savvy investors to attract tenants who qualify for Section 8 subsidies. The $78,947 median income in the area indicates that many residents may find it challenging to afford market rents without assistance, further underscoring the viability of Section 8 properties. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the disparity between the market rent and the FMR, combined with the median income figure, points towards a favorable environment for Section 8 investments. Landlords and small-portfolio investors should focus on providing well-maintained units that meet the higher FMR standards, thereby ensuring a steady stream of income from government subsidies. In conclusion, the data supports the assertion that Claysville, PA is a suitable location for Section 8 investments.
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.