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 | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $208,507 | 0.67% | D |
| 3BR | $1,770 | $375,381 | 0.47% | F |
| 4BR | $1,930 | $703,880 | 0.27% | F |
| 5BR | $2,239 | $915,069 | 0.24% | F |
U.S. Census Bureau data (2024)
ZIP code 15367, located in Venetia, PA, falls within the broader Pittsburgh, PA HUD Metro Fair Market Rent (FMR) area. The FMR for this ZIP is set at $1,440 for fiscal year 2024, which is higher than the market rent of $1,313. This suggests that the government's estimate of fair market rent is slightly above what the actual market is offering.
The median home value in Venetia is $627,574, which is likely higher than the average for the entire Pittsburgh metro area. However, the renter share of 9.9% is lower than what might be considered typical for urban areas within the metro, indicating a predominantly owner-occupied community.
To determine whether Venetia represents a value pocket, a mid-tier neighborhood, or a premium sub-market within the Pittsburgh metro area, we must consider the relationship between its FMR, market rent, and home values. Given that the FMR exceeds the market rent, Venetia appears to offer a slight margin for landlords participating in the Section 8 program. However, the higher-than-average home values suggest it is not a value pocket but rather a premium sub-market.
The lower renter share further supports the notion that Venetia is a premium sub-market, where homeownership is more prevalent than renting. This combination of higher home values and a lower proportion of renters typically indicates a less dense, suburban setting with fewer rental units available, making it a less attractive option for Section 8 tenants who seek affordable housing.
While Venetia does not fit the profile of a Section 8 sweet spot due to its high home values and low renter share, landlords can still benefit from the slightly favorable FMR-to-market-rent ratio. This could make it easier to find tenants willing to pay rents closer to the FMR level, thus potentially increasing profitability for those who own properties in this ZIP code.
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.