Section 8 Fair Market Rent (FMR) for ZIP 15619 - 2027
Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $980 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should buy in ZIP code 15619 for Section 8 purposes, follow this decision tree:
- Does FMR $1010 (ZIP FY 2024) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase. The Fair Market Rent (FMR) of $1010 is insufficient to cover the debt service on a property, making it financially unviable for Section 8 participation.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: This indicates that there is potential for higher rental income outside of Section 8. Consider whether the benefits of Section 8, such as guaranteed payment and tenant screening, outweigh the lower rent compared to market rates.
- If market rent is at FMR: There is parity between market conditions and Section 8 rates. Purchase can be considered if other factors align with your investment criteria.
- If market rent is below FMR: This suggests that the market is undervalued relative to the government's rental subsidy rates. It would be favorable to purchase for Section 8, as you can receive the full FMR without competing against higher market rents.
- Are 14.4% renters + N/A-day DOM enough demand?
- If the days on market (DOM) is low: The combination of a 14.4% rental rate and quick turnover times indicates sufficient demand. You can confidently purchase a property for Section 8.
- If the DOM is high: Despite the 14.4% rental rate, high DOM suggests weak demand. This makes the decision to invest in Section 8 more risky. It depends on how long you're willing to wait for tenants and the stability of the local rental market.
Note: Due to missing data points (market rent and DOM), some branches cannot provide a definitive yes or no answer. Ensure you research these metrics to make an informed decision.
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.