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 | $940 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $176,776 | 0.69% | D |
| 3BR | $1,560 | $248,937 | 0.63% | D |
| 4BR | $1,690 | $370,803 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 15332, located in Finleyville, PA, presents a dynamic rental market characterized by significant disparity between the Fair Market Rent (FMR) and the actual market rent, known as ZORI. The FMR for the area stands at $980 for fiscal year 2024, while the ZORI indicates that market rents are currently priced at $1,600. This substantial gap suggests that the local rental market is experiencing strong demand, likely driven by factors such as employment opportunities, quality of life, and proximity to larger urban centers.
A further indication of robust rental demand is the low price-cut share, which sits at just 0.2%. This figure implies that landlords are not frequently needing to reduce their asking prices to attract tenants, a scenario typically observed when demand is high relative to supply. Additionally, the median home value in the area is $239,628, reflecting the overall affordability of homeownership compared to renting, yet the 15.9% renter share points towards a segment of the population that prefers or can only afford to rent. This relatively high percentage of renters could indicate a sustained pressure on the rental market, as it suggests a significant portion of residents are locked into renting due to financial constraints or other reasons.
The dynamics of this market reveal a situation where demand may be outpacing supply, particularly in the rental sector. Landlords and small-portfolio investors should consider these factors when making investment decisions in Finleyville. High market rents and low price-cut shares suggest that maintaining rental properties at competitive rates could yield favorable returns. However, the substantial difference between FMR and market rents also highlights the potential for regulatory scrutiny or intervention aimed at controlling rent levels and ensuring affordable housing options remain available to residents.
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.