Section 8 Fair Market Rent (FMR) for ZIP 15490 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$930
2 Bedrooms	$1,130
3 Bedrooms	$1,440
4 Bedrooms	$1,560
5 Bedrooms	$1,810
6 Bedrooms	$2,027
7 Bedrooms	$2,189
8 Bedrooms	$2,298

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

659

Median Household Income

$49,408

Housing Units

296

Renter Percentage

N/A

Occupancy Rate

90.9%

Renter Occupied

The ZIP code 15490, located in Pennsylvania, is a suburban area that offers a unique blend of rural charm and access to urban amenities. This region is characterized by its stable housing market, which can be both an asset and a challenge for real estate investors looking to capitalize on opportunities within the Section 8 program.

Fair Market Rent (FMR) for ZIP 15490 in fiscal year 2024 is set at $870. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit, ensuring that it remains affordable for low-income families.
The median home value in the area stands at $195,636. This indicates that the majority of homes are priced below the national average, making them attractive for first-time buyers and investors alike.
Renter share in ZIP 15490 is 0.0%, suggesting that homeownership is highly prevalent, with very few residents opting for renting over buying. This could pose a challenge for landlords seeking tenants.
The median income in the area is $49,408. This income level is indicative of a community where many households may rely on assistance programs such as Section 8 to afford housing.
The market rent data is currently unavailable, which makes it difficult to compare the FMR against what landlords might typically charge without government subsidies.
The Days on Market (DOM) data is also not available, leaving a gap in understanding how quickly properties sell or rent in this area.

In summary, ZIP 15490 presents a niche investment opportunity for landlords interested in the Section 8 program. With a relatively low median home value and a significant portion of the population potentially needing rental assistance, there is a clear demand for affordable housing. However, the lack of renters in the area and the absence of current market rent data suggest that competition for tenants could be fierce, and landlords must be prepared to offer competitive pricing. Additionally, understanding the local real estate trends, such as the time it takes for properties to sell or rent, will require further research beyond the available data points. For small-portfolio investors, this ZIP code could offer steady returns if they can secure a tenant base through the Section 8 program.

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.