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 | $1,240 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,600 | $206,380 | 0.78% | D |
| 3BR | $2,040 | $295,842 | 0.69% | D |
| 4BR | $2,220 | $483,648 | 0.46% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15632, which includes Murrysville, PA, is set at $1120 for fiscal year 2024. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It's important to note that this is not the amount you would charge tenants as rent; it's the maximum amount the government will pay towards a tenant's housing costs.
To put this into perspective, the average rent for a two-bedroom apartment in Murrysville, based on Census American Community Survey (ACS) data, is $1,205. This indicates that the FMR is slightly below the market rate, suggesting that landlords can potentially charge a little above the FMR without deterring tenants who are eligible for vouchers.
The 17.7% share of renters in the area signals a moderate demand for rental properties. While not overwhelming, this percentage suggests there is a steady need for affordable housing options, making Section 8 rentals a viable choice for landlords looking to fill vacancies and maintain a consistent income stream.
If you're considering purchasing a property for your first Section 8 rental in Murrysville, be aware that the median home value is approximately $315,666. This figure helps you assess the potential acquisition cost and plan accordingly for financing and investment returns.
Before proceeding, it's crucial to verify that the property meets all local housing quality standards, known as the Housing Quality Standards (HQS), required by the Section 8 program. These standards ensure the safety and livability of the unit, and failing to meet them can result in disqualification from the program.
In summary, with an FMR of $1120, an average market rent of $1,205, a 17.7% renter share indicating moderate demand, and a median home value of $315,666, Murrysville presents a reasonable opportunity for landlords and small-portfolio investors interested in Section 8 rentals. Ensure the property complies with HQS to avoid any issues once you join the program.
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.