Section 8 Fair Market Rent (FMR) for ZIP 15672 - 2027

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

Investment Score for ZIP 15672

N/A

Monthly Rent (2BR)

$1,320

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$1,020
1 Bedroom	$1,090
2 Bedrooms	$1,320
3 Bedrooms	$1,680
4 Bedrooms	$1,830
5 Bedrooms	$2,123
6 Bedrooms	$2,378
7 Bedrooms	$2,568
8 Bedrooms	$2,696

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
3BR	$1,680	$276,664	0.61%	D
4BR	$1,830	$369,246	0.5%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,321

Median Household Income

$66,840

Housing Units

1,645

Renter Percentage

34.7%

Occupancy Rate

93.1%

Renter Occupied

532

The ZIP code 15672 is a renter-heavy area with a significant portion of its population relying on rental housing. With 34.7% of the 3,321 residents being renters, there is a notable demand for rental properties. This high percentage indicates that the tenant pool could be receptive to Section 8 vouchers, which are designed to help low-income families afford housing.

The median household income in this ZIP code is $66,840, which provides context for the affordability of housing. The market rent at $1,015 is slightly below the Fair Market Rent (FMR) of $1,150 for FY 2024, suggesting that landlords who set their rents at $1,015 are aligning closely with the government's assessment of reasonable rental costs in the area. However, it's important to note that typical rent consumes approximately 15.2% of the local median income, calculated by dividing $1,015 by $66,840 and multiplying by 100. This percentage is significant but manageable for many households.

To further understand the potential impact of Section 8 vouchers in this market, consider the following:

Voucher Utilization: Given the higher percentage of renters, landlords in ZIP 15672 can expect a relatively robust demand for Section 8 vouchers. This means that tenants using these vouchers will likely be competitive in the rental market.
Income Levels: The median income suggests that while some tenants might qualify for Section 8 based on income, others may not need assistance and can afford market rates. Landlords should prepare for a mix of tenants, including those who might require vouchers to cover their rent.
Tenant Profile: A landlord in this ZIP code should anticipate tenants who are financially constrained but still able to meet the requirements of renting. These tenants may include families, individuals, or seniors who benefit from the voucher program to find suitable housing within their budget.

In summary, ZIP 15672 presents an opportunity for landlords to engage with a diverse tenant base, including those who rely on Section 8 vouchers. The income levels and market conditions suggest that while typical rent takes a substantial portion of income, it remains within reach for many local residents.

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.