Section 8 Fair Market Rent (FMR) for ZIP 15462 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$890
2 Bedrooms	$1,080
3 Bedrooms	$1,380
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 15462, located in Pennsylvania, is a suburban area characterized by its low population density and primarily owner-occupied housing units. This region offers a unique opportunity for real estate investors, particularly those interested in the nuances of the local housing market.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 15462 for fiscal year 2024 is set at $940.
The median home value in this ZIP code stands at $117,648, indicating that the area is affordable for both buyers and sellers.
A remarkable statistic is the 0.0% renter share, suggesting that almost all residents own their homes, which is an unusual characteristic for a rental market analysis.
The lack of available data on market rent and days on market (DOM) highlights the challenges in finding rental properties in this area, but also points to the stability and strong ownership culture.
The absence of specific data on median income reflects the broader economic profile of the area, which may require further localized research to understand fully.

Investors considering ZIP 15462 should be aware of the unique dynamics of the local housing market, marked by a predominantly owner-occupied landscape and limited rental data. The affordability of homes and the established FMR provide a solid foundation for investment decisions, although the scarcity of rental properties means that opportunities might be fewer compared to more urbanized areas. Understanding the local economy and property values will be crucial for making informed investments.

Data Sources: FMR data from HUD (2027). 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.