Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 15663 in the Pittsburgh, PA HUD Metro FMR Area is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the Fixed Monthly Rent (FMR) for the area being set at $850 for fiscal year 2024. While the market rent data is not available, the fixed monthly rent provides a stable and predictable income source for landlords.
The median home value in ZIP 15663 is $160,856. Although this figure alone does not provide enough context to determine if the area is experiencing significant price appreciation, the absence of volatile market conditions suggests a steady environment that supports consistent cash flow rather than rapid capital gains. The lack of available data on price-cut share and days on market (DOM) further reinforces the idea that this area is not likely to be a primary driver of appreciation within a portfolio.
The median income in the area is $76,250, which indicates a moderate economic base. With a renter share of 3.0%, it's clear that homeownership is predominant, but there is still a niche market for rental properties. The low renter share might suggest limited opportunities for diversification through rental investments, but it also implies that the local economy can support the fixed rents established by Section 8 without significant risk of default due to the higher median income.
In summary, ZIP 15663 is best positioned as a cash-flow anchor within a Section 8 portfolio. The fixed monthly rent of $850 ensures a reliable income stream, while the stable economic indicators and median home value of $160,856 provide a secure investment climate. Landlords and small-portfolio investors should focus on leveraging this ZIP code for consistent returns rather than expecting significant appreciation or diversification benefits.
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.