Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 15463, located in Merrittstown, Pennsylvania, has a population of 59, with 36.7% being renters. Despite the small population, the median household income is not available, which suggests limited data due to the low number of households. However, the per-capita income is $45,731, indicating a relatively higher economic status compared to surrounding areas.
The average household income in 15463 is $106,483, significantly higher than the average incomes in nearby ZIP codes and the county. This suggests that while the overall income level is unclear, there is a notable presence of high-income households, with 33.3% earning over $200,000 annually.
Given the Federal Market Rent (FMR) for ZIP code 15463 is set at $940 for FY 2024, and assuming the market rent aligns closely with this figure, we can infer that typical rent would consume a relatively small portion of local income. For instance, at $940 per month, the annual rent would be approximately $11,280, which is only about 10.6% of the average household income of $106,483.
This ZIP code appears to be renter-heavy with a significant demand for rental properties, especially those that might benefit from Section 8 vouchers. However, the scarcity of median household income data makes it challenging to fully assess the depth of voucher demand. Landlords in this area should expect tenants who are financially stable and likely have higher disposable incomes, even if they rely on government assistance programs.
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.