Section 8 Fair Market Rent (FMR) for ZIP 15615 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,010
1 Bedroom	$1,070
2 Bedrooms	$1,300
3 Bedrooms	$1,660
4 Bedrooms	$1,800
5 Bedrooms	$2,088
6 Bedrooms	$2,339
7 Bedrooms	$2,526
8 Bedrooms	$2,652

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

148

Median Household Income

$88,750

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The town of Easton, Connecticut, represented by ZIP code 15615, is a suburban area known for its quiet neighborhoods and proximity to urban amenities. This region offers a unique opportunity for real estate investors interested in both rental and homeownership markets.

The Fair Market Rent (FMR) for ZIP 15615 in fiscal year 2024 is set at $1030, providing a benchmark for rental pricing.
Market rent data is currently unavailable for this ZIP code, indicating a lack of recent activity or reporting in the rental sector.
The median home value stands at $184,292, which is relatively low compared to surrounding areas, suggesting potential for appreciation.
Renter share in the area is 0.0%, implying that the majority of residents own their homes rather than renting.
The median income for households in ZIP 15615 is $88,750, reflecting a stable economic base that supports home ownership.
The number of days on market (DOM) for properties is not available, which could indicate either a robust sales pace or limited data on recent transactions.

Investors considering the Easton market should focus on long-term appreciation potential and the strong homeowner base. The lack of renters might limit immediate rental opportunities, but the low median home value suggests that there could be significant upside in property values over time. With a median income above the national average, residents have the financial stability to support homeownership, making it a favorable environment for those looking to invest in single-family homes or small portfolios aimed at future resale.

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.