Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The classification of ZIP code 15662 based on yield and stability reveals it as a unique market scenario. With a Fair Market Rent (FMR) of $1030 for fiscal year 2024, this figure stands alone without comparative market or home value data, making direct assessments challenging. However, the rental dynamics indicate a 0.0% share of renters, suggesting an almost exclusively owner-occupied area.
On the stability axis, the median household income of $83,715 provides a strong financial foundation for residents, potentially indicating low default risk for landlords. The absence of day DOM (Days on Market) data for rentals complicates the evaluation of market liquidity and turnover rates. Despite this, the high income level supports a robust cash flow potential, assuming tenants can be found who meet the criteria for renting in this environment.
The lack of market and home value data precludes a complete analysis of yield potential. Typically, a high FMR compared to market values would suggest a high-yield market, but without these figures, we cannot definitively classify the yield as high. The 0.0% renters statistic implies that securing tenants might require creative strategies or incentives, which could affect both the yield and stability.
In conclusion, ZIP 15662 leans towards being a steady-cashflow zone due to the substantial median income of $83,715, which underpins financial stability. However, the absence of renters and incomplete data on market values and home prices necessitates cautious optimism regarding yield. Landlords and small-portfolio investors should focus on the stability benefits while acknowledging the potential challenges in tenant acquisition and yield maximization.
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.