Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The ZIP code 15647 stands out due to its unique demographic and economic characteristics. With only 49 residents, it is one of the smallest ZIP codes in terms of population size. Notably, 100.0% of these residents are renters, indicating a community that is entirely dependent on rental housing. The absence of data regarding median income and median home value suggests either a lack of available statistics or a highly specialized housing market.
In the context of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 15647 in fiscal year 2024 is set at $1080. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. Given the limited data on the local rental market, it is challenging to compare the FMR directly to market rates. However, the high percentage of renters indicates a strong reliance on affordable housing options, making Section 8 vouchers particularly significant in this area.
The data signature for ZIP 15647 reads as "transitional." The complete dependency on rental housing and the lack of comprehensive economic data suggest that the community is undergoing changes that could impact both the availability and demand for rental properties. Landlords and small-portfolio investors should monitor local trends closely to make informed decisions about their investments and rental strategies.
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.