Section 8 Fair Market Rent (FMR) for ZIP 15337 - 2027

Location: Greene County, PA | Metro: Greene County, PA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$930
2 Bedrooms	$1,180
3 Bedrooms	$1,450
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

474

Median Household Income

$64,375

Housing Units

296

Renter Percentage

13.6%

Occupancy Rate

74.3%

Renter Occupied

The ZIP code 15337, located in the Pittsburgh metropolitan area, is characterized by its modest housing market and a significant portion of renters. This analysis provides key insights into the rental market dynamics, median family income, and other relevant metrics that can guide investment decisions.

The Fair Market Rent (FMR) for ZIP 15337 is set at $1,130 for the fiscal year 2026, reflecting the government's benchmark for rental affordability in the region.
The actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $775. This figure indicates a substantial gap between the FMR and what tenants are currently paying, suggesting potential upside for rental properties.
The median home value is not available, which could imply a lack of sufficient data or a predominantly rental-based housing market.
Renters make up 13.6% of the total population in ZIP 15337, indicating a smaller but still notable segment of the housing market dedicated to rentals.
The median income for families in this ZIP code is $64,375, providing context on the economic capacity of residents to afford housing.

Synthesizing these points, the rental market in ZIP 15337 offers a moderate investment opportunity, particularly for those looking to capitalize on the discrepancy between the FMR and current market rents. The relatively low median income suggests a focus on affordable housing units, while the modest share of renters implies that there is room for growth in this sector. Landlords and small-portfolio investors should consider the potential for increasing rental rates towards the FMR level, provided they offer competitive amenities and maintenance standards to attract tenants.

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.