Location: Pittsburgh, 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 | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $221,838 | 0.47% | F |
| 3BR | $1,330 | $270,430 | 0.49% | F |
| 4BR | $1,440 | $397,687 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 15626, located in Delmont, PA, presents a market in motion characterized by a balance between federal fair market rent (FMR) and actual market rents. The FMR set at $900 for the fiscal year 2024 slightly exceeds the reported market rent of $842, according to the Census American Community Survey (ACS). This suggests that while there may be some upward pressure on rental prices, the local market remains relatively stable.
A median home value of $250,895 indicates a moderate cost of homeownership in the area. The absence of specific data on price-cut share and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, the slight premium of FMR over market rent implies that there might be a slight lean towards demand potentially outpacing supply, especially if we consider that landlords aim to remain competitive with government-set standards.
The 32.9% renter share provides insight into the long-term dynamics of housing pressure. A significant portion of residents renting their homes rather than owning them can signal a persistent need for affordable rental units. This percentage suggests that a considerable segment of the population may find homeownership less accessible, thereby exerting continuous pressure on the rental market. Landlords and small-portfolio investors should note that maintaining a steady stream of available rental properties could be crucial to meeting this ongoing demand.
Investors looking to enter the Delmont, PA market should be aware of the interplay between rental and homeownership costs. With a median home value that's higher than the average rent, the area appears to favor those who prefer or can afford to rent. The dynamics suggest that the rental market will likely continue to play a significant role in the local economy, driven by both the affordability of renting and the availability of rental units.
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.