Section 8 Fair Market Rent (FMR) for ZIP 15458 - 2027

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

Investment Score for ZIP 15458

A+
Monthly Rent (2BR)
$1,730
Median Price (2BR)
$91,466
1% Rule
1.89%
Annual Yield
22.7%

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$1,340
1 Bedroom$1,430
2 Bedrooms$1,730
3 Bedrooms$2,210
4 Bedrooms$2,400
5 Bedrooms$2,784
6 Bedrooms$3,118
7 Bedrooms$3,367
8 Bedrooms$3,535

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,730 $91,466 1.89% A+
3BR $2,210 $182,001 1.21% A
4BR $2,400 $117,148 2.05% A+

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,620
Median Household Income
$61,979
Housing Units
1,084
Renter Percentage
27.9%
Occupancy Rate
98.7%
Renter Occupied
299

The economics of Section 8 housing in ZIP code 15458, located in McClellandtown, PA, within Fayette County, operate under specific financial guidelines that landlords should understand. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) for FY 2024 is set at $1480. This figure is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.

In contrast, the local market rent for a two-bedroom unit, based on Census ACS data, averages $1,382. Landlords often wonder how much they can expect to receive when a tenant uses a Section 8 voucher. The actual reimbursement involves calculating both the tenant's portion and the utility allowances.

The voucher system requires that tenants pay 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,500 per month, the tenant would contribute approximately $450 toward the rent. Utility allowances vary but typically cover a portion of the tenant's electricity, gas, water, and sewer costs. For simplicity, let's consider a utility allowance of around $200.

To find out the total reimbursement amount, add the tenant's contribution and the utility allowance to the subsidy provided by the government. In ZIP 15458, if the SAFMR is $1480, the government would subsidize the difference between the SAFMR and the tenant's contribution. Therefore, the landlord would receive:

This results in a total reimbursement of $1630 ($450 + $200 + $1030).

Given the local market rent of $1,382, landlords accepting Section 8 vouchers in ZIP 15458 will see a surplus. The difference between the reimbursement amount and the local market rent is $248 ($1630 - $1382). This surplus provides a buffer above the prevailing market rates, making Section 8 participation financially viable for landlords.

In summary, landlords in ZIP 15458 can expect a reimbursement of $1630 for a two-bedroom unit, which exceeds the local market rent by $248, creating a positive economic scenario for those who choose to participate in the Section 8 program.

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.