Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15638 in fiscal year 2024 is set at $1020. This figure represents the payment standard for Section 8 housing vouchers, which means that if you participate in the program, you will receive this amount per month from the government to cover part of your tenant's rent. However, it is important to note that this does not necessarily reflect the actual rent you can charge tenants.
In ZIP 15638, 48.1% of the population are renters, indicating a strong demand for rental properties. This high percentage suggests that there are many individuals and families who could benefit from a Section 8 voucher, making your property attractive to those seeking affordable housing options.
The FMR of $1020 is the benchmark against which the rental assistance payments are made. It does not directly indicate the acquisition cost of properties in the area, which is currently not available. However, it gives landlords an idea of the maximum monthly subsidy they can expect under the Section 8 program.
Before deciding to accept a Section 8 tenant, it is crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary for the tenant. Failure to meet these requirements can result in reduced payments or termination of the contract with the housing authority.
To summarize, the FMR of $1020 provides a clear payment standard for landlords participating in Section 8 in ZIP 15638. With 48.1% of residents being renters, the demand for affordable housing is evident. While the acquisition cost of properties in the area is not specified, landlords should ensure their property complies with HQS to avoid any issues with the housing authority.
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.