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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $860 | $81,780 | 1.05% | B |
| 2BR | $1,040 | $117,255 | 0.89% | C |
| 3BR | $1,330 | $165,161 | 0.81% | C |
| 4BR | $1,440 | $181,836 | 0.79% | D |
| 5BR | $1,670 | $204,370 | 0.82% | C |
U.S. Census Bureau data (2024)
The market in ZIP 15425, Connellsville, PA, reveals a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) set at $860 for fiscal year 2024, it stands slightly above the reported market rent of $734 based on Census ACS data. This suggests that while rental prices are lower than the government's benchmark, they are still within a reasonable range, indicating a stable but potentially growing demand for rentals.
The low price-cut share of 0.3% points to a market where property values are holding steady, without significant downward pressure. Homeowners are not frequently discounting their properties, which can be seen as a positive sign. The median home value in the area is $145,761, reflecting an affordable market for both buyers and renters.
A key indicator of the long-term housing pressure is the renter share, which is 31.5%. This percentage suggests a notable portion of the population prefers or requires rental housing, likely due to affordability or lifestyle choices. In areas with high renter shares, there tends to be a consistent need for rental properties, which can create ongoing housing pressure and influence future trends.
The snapshot also shows that the Days on Market (DOM) is listed as N/A, which could indicate either a lack of recent sales activity or that the data is not fully representative. However, the combination of a relatively low market rent compared to FMR, a minor price-cut share, and a significant renter share all point towards a market where demand is closely matching supply. This balance is crucial for maintaining stable housing conditions and ensuring that both landlords and small-portfolio investors can manage their properties effectively without facing excessive vacancy rates or competition from new constructions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.