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 | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $90,605 | 1.26% | A |
| 3BR | $1,450 | $103,291 | 1.4% | A |
U.S. Census Bureau data (2024)
The real estate landscape in Everson, PA (ZIP 15631), is marked by a median home value of $78,079, which provides a baseline for assessing market dynamics. The absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests stability in the housing market, with little pressure from distressed sellers. This signals strong pricing power for landlords and small-portfolio investors over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 15631 in fiscal year 2024 is set at $930, while the current market rent, according to Census ACS data, is $892. This indicates an upward trend in rental values, aligning with the potential for increased pricing power in the residential market. Landlords can leverage this trend to adjust their rents closer to the FMR without fear of tenant turnover, given the low availability of reduced listings.
For long-term investors, the setup in Everson, PA, supports a realistic appreciation thesis. With median home values already at $78,079 and rental values trending upwards, there is a strong case for property values to follow suit. As demand for rental properties increases, driven by the favorable rent-to-value ratio, landlords can expect steady growth in the equity of their investments. This scenario also benefits small-portfolio investors looking to hold properties for capital appreciation, as the market conditions suggest a positive outlook for property value increases.
The combination of stable home values, a lack of distressed sales, and growing rental rates creates an environment where landlords and investors can maintain competitive pricing. This allows for a sustainable income stream through rentals and the potential for capital gains as the market continues to evolve. Investors should focus on properties that offer good rental yields relative to their purchase price, ensuring they remain attractive to tenants and profitable to owners alike.
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.