Section 8 Fair Market Rent (FMR) for ZIP 15650 - 2027

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

Investment Score for ZIP 15650

D
Monthly Rent (2BR)
$1,170
Median Price (2BR)
$180,174
1% Rule
0.65%
Annual Yield
7.79%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,170 $180,174 0.65% D
3BR $1,490 $247,328 0.6% D
4BR $1,620 $352,592 0.46% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
26,312
Median Household Income
$63,305
Housing Units
12,194
Renter Percentage
25.6%
Occupancy Rate
93.7%
Renter Occupied
2,924

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.