Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $78,099 | 1.49% | A |
| 3BR | $1,480 | $118,096 | 1.25% | A |
U.S. Census Bureau data (2024)
8.3% of Roscoe, PA's residents are renters, indicating a modest demand for rental properties. The $95,885 median home value suggests that while property values are relatively stable, they are not at the high end of the spectrum. With a median income of $72,716, many households can afford the $850 Fair Market Rent (FMR) set for zip code 15477 in fiscal year 2024. This figure is slightly below the market rent of $890 as reported by the Census Bureau's American Community Survey, implying that tenants could find properties at or below the FMR. However, the lack of data on days on market (DOM) and the percentage of price-cut share indicates an incomplete picture of the local real estate market dynamics. Landlords and small-portfolio investors should be cautious about overpricing their units, given the slight gap between FMR and market rents. Additionally, the stable median home value and median income figures suggest that the area is unlikely to experience significant fluctuations in tenant affordability. In conclusion, the data points towards a balanced market where Section 8 vouchers are a viable option for securing tenants willing to pay the $850 FMR. Verdict: Section 8 is a solid investment strategy in ZIP 15477.
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.