Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 15472 within the Pittsburgh, PA HUD Metro FMR area reveals critical insights for landlords and small-portfolio investors.
Regarding the rent math, the Fair Market Rent (FMR) for the area is set at $960 for fiscal year 2024. However, due to the lack of available data on market rent, it's impossible to make a direct comparison. This absence suggests either limited rental activity or that the market data is not widely reported.
In terms of property acquisition, the median home value and typical days on market (DOM), along with the percentage of homes requiring price cuts, are all currently unavailable. Without these figures, assessing the affordability of acquiring properties in the area is challenging. It's advisable to seek local real estate agents or brokers for up-to-date information on these metrics.
Tenant demand appears strong in ZIP 15472. With a population of 166, the area has a 100.0% renter occupancy rate, indicating every household in the area rents their residence. This statistic points to a robust demand for rental properties, which could be beneficial for landlords.
Verdict: The Fair Market Rent at $960 provides a benchmark for rental pricing, but without specific market rent data, it's difficult to confirm if this figure aligns with actual market conditions. Acquisition costs cannot be fully assessed due to missing data on median home values and market dynamics. Despite these uncertainties, the full rental occupancy rate suggests a reliable tenant base, making the area potentially attractive for those willing to navigate the data gaps and invest in smaller, niche markets.
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.