Section 8 Fair Market Rent (FMR) for ZIP 15413 - 2027

Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area

Investment Score for ZIP 15413

A+
Monthly Rent (2BR)
$1,190
Median Price (2BR)
$40,131
1% Rule
2.97%
Annual Yield
35.58%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$920
1 Bedroom$980
2 Bedrooms$1,190
3 Bedrooms$1,510
4 Bedrooms$1,650
5 Bedrooms$1,914
6 Bedrooms$2,144
7 Bedrooms$2,316
8 Bedrooms$2,432

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,190 $40,131 2.97% A+

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
526
Median Household Income
$N/A
Housing Units
349
Renter Percentage
29.7%
Occupancy Rate
71.3%
Renter Occupied
74

The economics of Section 8 in ZIP code 15413, located in Allison, PA, Fayette County, are straightforward when you understand how the payments work. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2024 is set at $980. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent. However, it's important to note that the local market rent for a similar unit is typically around $775, according to Census ACS data.

A Section 8 voucher does not cover the entire rent. Instead, it covers the difference between what the tenant can afford and the actual rent. Here’s how it works:

Given these specifics, landlords in ZIP 15413 can expect a reimbursement of up to $980 per month for a two-bedroom unit. However, because the local market rent is lower at $775, landlords who participate in the Section 8 program for a two-bedroom apartment will likely see a surplus of $205 per month ($980 - $775).

This surplus provides a buffer for landlords, ensuring that they receive a payment that exceeds the typical market rate. It's a financial advantage that can help offset any potential administrative costs associated with participating in the Section 8 program.

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.