Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 15366, located within the Pittsburgh, PA HUD Metro FMR Area, has a Fair Market Rent (FMR) of $980 for FY 2024. In comparison, the typical FMR for a two-bedroom home in the broader Pittsburgh, PA HUD Metro FMR Area is $1,161 per month. This suggests that ZIP 15366 offers rents that are below the metro average.
The market rent and home value data for ZIP 15366 are currently unavailable, but given the significant gap between the FMR and the typical market rent in the Pittsburgh area, it can be inferred that this ZIP code might represent a value pocket within the metro. A value pocket is characterized by lower-than-average rents and home values, making it attractive for both tenants and landlords seeking affordable options.
ZIP 15366 has a 55.1% renter share, which is notably higher than the national average and could indicate a strong demand for rental properties. High renter share combined with below-metro average home values often points to a Section 8 sweet spot. Landlords and small-portfolio investors should consider the potential benefits of operating in this ZIP code, including the likelihood of stable occupancy rates due to the high number of renters and the opportunity to participate in the Section 8 program at a competitive rate.
However, without specific market rent and home value data, we cannot conclusively state the exact positioning of ZIP 15366 within the Pittsburgh, PA HUD Metro FMR Area. It is advisable to conduct further research into the local rental market and property values to make informed investment decisions.
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.