Location: Armstrong County, 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 | $970 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $126,537 | 0.95% | C |
| 3BR | $1,550 | $196,477 | 0.79% | D |
| 4BR | $1,660 | $314,909 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 15613, located in Apollo, PA, presents a dynamic rental market that is currently experiencing a delicate balance between supply and demand. The Fair Market Rent (FMR) for the area stands at $1040 for fiscal year 2024, indicating what the government deems as a reasonable rent for a modest apartment. In contrast, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), is $856. This suggests that landlords in the area might be adjusting their rents to stay competitive, as evidenced by the low price-cut share of 0.2%.
The median home value in ZIP 15613 is $188,651, which is relatively affordable compared to many other markets. However, the data on days on the market (DOM) is not available, making it difficult to assess how quickly properties are selling. Despite this gap in information, the fact that there is a low price-cut share indicates that sellers are not heavily discounting their homes, suggesting that the market may still favor sellers.
A significant 17.2% of residents in Apollo, PA are renters, which can provide insights into the long-term housing pressures. A higher renter share often correlates with an increasing need for rental properties, as individuals and families may find it challenging to purchase homes due to financial constraints or personal preferences. This percentage signals a consistent demand for rental units, which could translate into steady occupancy rates for landlords.
In summary, the current snapshot of the market in ZIP 15613 points towards a scenario where demand for rentals is strong, but supply remains sufficient to keep prices in check. The low price-cut share and the presence of a notable renter population suggest a stable environment with potential for growth in rental demand over time.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.