Section 8 Fair Market Rent (FMR) for ZIP 15444 - 2027

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

Investment Score for ZIP 15444

N/A
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$N/A
1% Rule
0%
Annual Yield
0%

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$780
1 Bedroom$840
2 Bedrooms$1,010
3 Bedrooms$1,300
4 Bedrooms$1,420
5 Bedrooms$1,647
6 Bedrooms$1,845
7 Bedrooms$1,993
8 Bedrooms$2,093

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
3BR $1,300 $115,328 1.13% B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,066
Median Household Income
$59,077
Housing Units
315
Renter Percentage
26.7%
Occupancy Rate
100.0%
Renter Occupied
84

The ZIP code 15444 stands out in XX County with its unique mix of low population density and relatively high median home values. With only 1,066 residents, this area has a rental market that accounts for 26.7% of its housing units. The median income here is $59,077, which is slightly below the national average but still respectable. The median home value of $84,634 is notably higher than the national median, indicating a strong local real estate market.

When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 15444 is set at $950 for fiscal year 2024. This figure is significantly lower than the market rent, which is estimated at $1,281 based on Census ACS data. This gap suggests that landlords accepting Section 8 vouchers in this area can expect a discount compared to market rates, though the disparity might also limit the number of tenants who qualify for assistance due to the higher cost of living.

The data signature for ZIP 15444 reads as stable. The relatively high median home value and the moderate rental rate suggest a consistent demand for both owned and rented properties. However, the lower median income indicates that there could be a segment of the population relying heavily on rental assistance programs such as Section 8. Landlords should be prepared for the administrative requirements associated with these vouchers, balancing the potential for steady rental income against the need for affordable housing solutions in the community.

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.