Section 8 Fair Market Rent (FMR) for ZIP 15639 - 2027

Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,570
1 Bedroom	$1,680
2 Bedrooms	$2,030
3 Bedrooms	$2,590
4 Bedrooms	$2,810
5 Bedrooms	$3,260
6 Bedrooms	$3,651
7 Bedrooms	$3,943
8 Bedrooms	$4,140

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,160

Median Household Income

$79,843

Housing Units

957

Renter Percentage

38.8%

Occupancy Rate

91.7%

Renter Occupied

341

ZIP code 15639, located in Pennsylvania, is a suburban area that offers a mix of residential neighborhoods and access to urban amenities. The region is characterized by its moderate cost of living and a significant percentage of renters, making it an attractive market for real estate investment, particularly for those interested in the Section 8 housing program.

The Fair Market Rent (FMR) for ZIP 15639 for fiscal year 2024 is set at $1,680, indicating the maximum amount that a Section 8 tenant can be charged for a two-bedroom apartment.
The average market rent, as reported by the Census Bureau's American Community Survey, stands at $1,615. This suggests that the rental market in ZIP 15639 closely aligns with the FMR, offering landlords a competitive rate for their properties.
The median home value in ZIP 15639 is $210,818, which reflects a stable housing market where property values are reasonable and accessible for many potential buyers and investors.
Renters make up 38.8% of the population, showing a substantial demand for rental properties in the area.
The median household income in ZIP 15639 is $79,843, providing insight into the financial health of residents and their ability to afford higher rents or mortgage payments.

Investors in ZIP 15639 should note that the Fair Market Rent is slightly above the average market rent, which could indicate a favorable environment for Section 8 properties. With a median home value of $210,818 and a median income of $79,843, the area supports a balanced market where both homeownership and rental investments can thrive. Given the 38.8% renter share, there is considerable demand for rental units, making it a viable option for small-portfolio investors looking to enter the rental market. However, the lack of data on days on market (DOM) means that the speed at which properties are rented or sold cannot be assessed, which is a critical factor for liquidity in any real estate investment strategy.

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.