Section 8 Fair Market Rent (FMR) for ZIP 15482 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$840
2 Bedrooms	$1,010
3 Bedrooms	$1,300
4 Bedrooms	$1,420
5 Bedrooms	$1,647
6 Bedrooms	$1,845
7 Bedrooms	$1,993
8 Bedrooms	$2,093

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

456

Median Household Income

$41,042

Housing Units

276

Renter Percentage

50.0%

Occupancy Rate

89.9%

Renter Occupied

124

The ZIP code 15482 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern, as the market rent stands at $749 compared to the Fair Market Rent (FMR) of $930 for FY 2024. This disparity can lead to higher turnover rates since tenants may seek more affordable housing options. Additionally, the vacancy exposure is heightened due to the lack of data on days on market (DOM), which indicates uncertainty around how quickly units can be filled. The typical home value in the area is $71,904, while the median income is $41,042. These figures suggest that many homeowners might be financially constrained, leading to potential deferred maintenance issues that could affect property values and increase repair costs.

Tenant Turnover: The gap between market rent ($749) and FMR ($930) increases the likelihood of frequent tenant changes, impacting long-term stability and increasing administrative burdens.
Vacancy Exposure: With no available data on days on market, landlords face an increased risk of prolonged vacancies, which can significantly reduce cash flow and profitability.
Deferred Maintenance: Given the median income of $41,042 and the typical home value of $71,904, there is a substantial risk that tenants will not prioritize property upkeep, potentially resulting in higher maintenance expenses.

However, these risks must be weighed against the fact that 50.0% of the residents are renters. High renter density typically correlates with a greater demand for rental vouchers, which can help mitigate some of the financial risks associated with tenant turnover and vacancy exposure. Despite the challenges, the strong presence of renters in the area suggests a steady pool of potential voucher holders.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.