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 | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $122,261 | 0.99% | C |
| 3BR | $1,540 | $202,525 | 0.76% | D |
U.S. Census Bureau data (2024)
13.5% of Coal Center, PA's residents are renters, indicating a modest demand for rental properties in ZIP code 15423. The Fair Market Rent (FMR) for the area, set at $1130 for zip FY 2024, serves as a benchmark for the maximum allowable rent for Section 8 vouchers. This is notably higher than the Census-reported average market rent of $986, suggesting that landlords who align their rents with the FMR could see an increase in tenant applications through the Section 8 program.
The median home value in Coal Center is $162,560, which is a key figure for real estate investors looking to understand the local housing market. This median value reflects the typical cost of homes in the area and can be used to gauge the potential resale value of properties. With a median income of $77,857, it's clear that many residents might find it challenging to afford homeownership, thus potentially increasing the reliance on rental properties, including those accessible through Section 8.
Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the disparity between the FMR and the market rent provides insight into the rental dynamics. Landlords can use the $1130 FMR to ensure they remain competitive while still adhering to the guidelines set by the Section 8 program. This not only helps in attracting tenants but also ensures compliance with HUD regulations, which is crucial for maintaining eligibility and avoiding penalties.
In conclusion, the data suggests that Coal Center presents a balanced opportunity for landlords and small-portfolio investors interested in the Section 8 program. With a slightly above-average median income and a significant gap between the FMR and market rent, there is potential for steady occupancy rates and manageable turnover costs. The verdict on Section 8 participation in ZIP 15423 is positive, given the alignment of local economic conditions with the benefits offered by the 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.