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 | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $159,690 | 0.65% | D |
| 3BR | $1,330 | $209,039 | 0.64% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15363, which covers Strabane, PA, is set at $920 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; rather, it's the benchmark used to determine the rent subsidy.
In comparison to the local average rent, which is currently N/A, the FMR provides a clear guideline for what is considered fair in the area. The lack of available data on local average rents suggests that there might be limited market information, making the FMR an even more critical reference point for landlords.
The percentage of renters in the area is 14.0%. This indicates that about one out of every seven residents are likely seeking rental housing. While this percentage might seem low, it still represents a significant portion of the population who could potentially benefit from Section 8 vouchers, thus creating a steady demand for affordable rental properties.
When acquiring a property for a Section 8 rental, the median home value in the area is approximately $182,382. This gives potential landlords an idea of the investment required to enter the market. However, the key factor for profitability isn't just the acquisition cost but also the ongoing management and maintenance costs, as well as the potential for vacancy periods.
Before committing to a Section 8 rental, it's crucial to verify that the property meets all the necessary standards set by the Housing Authority. These standards include safety, health, and habitability requirements, ensuring that the property is suitable for tenants and eligible for the program.
In summary, the FMR of $920 for ZIP 15363 sets the limit for rent charges under Section 8, while the 14.0% renter share points to a modest but present demand for rentals. With an acquisition cost around $182,382, the decision to participate in the program should be based on thorough verification of property standards and a realistic assessment of operational costs.
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.