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 | $950 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $193,111 | 0.64% | D |
| 3BR | $1,570 | $286,491 | 0.55% | F |
| 4BR | $1,700 | $390,361 | 0.44% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 15658, encompassing Ligonier, Pennsylvania, presents a dynamic environment reflective of current housing pressures. With a Fair Market Rent (FMR) of $970 for fiscal year 2024, the rental market is slightly above the average market rent of $943, as reported by the Census Bureau's American Community Survey (ACS). This suggests a modest premium that tenants are willing to pay, indicating a balance between supply and demand.
The low price-cut share of 0.2% implies that properties are selling at or near their asking prices, a sign of strong buyer interest and limited need for sellers to reduce their prices to attract buyers. The median home value stands at $227,731, which is indicative of an affordable market segment, likely appealing to first-time buyers and investors looking for entry-level opportunities.
While the days on market (DOM) data is currently unavailable, the other metrics suggest a market where demand is steady and possibly growing. The 15.4% renter share provides insight into the long-term housing dynamics. In a community where less than 16% of residents are renters, there is a strong preference for homeownership, which can lead to sustained housing demand over time. As the population ages or shifts towards owning homes, the pressure on the rental market could increase, driving up rents and potentially making rental properties more attractive to investors.
In summary, ZIP 15658 is a market where demand appears to be closely matched with supply, but the underlying conditions point towards potential long-term growth in housing demand. The slight premium in FMR over market rent, combined with a negligible price-cut share, suggests that this area is experiencing stable conditions conducive to both ownership and investment.
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.