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 | $960 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $142,100 | 0.87% | C |
| 3BR | $1,580 | $231,853 | 0.68% | D |
| 4BR | $1,720 | $356,076 | 0.48% | F |
U.S. Census Bureau data (2024)
1040 is the Fair Market Rent (FMR) for ZIP code 15644, Jeannette, PA, set for fiscal year 2024. This figure represents the maximum amount landlords can charge tenants who receive Section 8 housing assistance. In contrast, the market rent, known as ZORI, stands at 1114, indicating a slight premium over the FMR for unsubsidized rentals. The median home value in the area is 172953, suggesting a moderate cost for homeownership compared to rental properties. With 22.9% of residents being renters, the demand for rental properties is significant but not overwhelming, providing a balanced market condition. The median income of 64684 reflects the financial capacity of the local population, which is crucial for assessing the viability of rental investments. Despite the lack of available data on days on market (DOM), the price-cut share of 0.2% reveals a competitive yet stable rental market where landlords rarely need to reduce their asking prices. Given these metrics, the verdict on Section 8 participation in Jeannette, PA, is positive; it offers a secure and predictable revenue stream for landlords willing to comply with the program's requirements.
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.