Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
ZIP code 15684 has a population of 201, with only 5.2% of residents being renters. This indicates that the area is primarily dominated by homeowners rather than renters, which suggests that the demand for rental properties using Section 8 vouchers will be relatively low. The median household income in this ZIP code is $63,500, but there is no specific data on market rent available.
To understand how rental costs compare to income levels, we can use the Fair Market Rent (FMR) figure provided. For FY 2024, the FMR for ZIP 15684 is set at $1070. Assuming this represents an average one-bedroom apartment's rent, we can calculate the percentage of local income that would go towards rent. With a median income of $63,500, the monthly income per household would be approximately $5292 ($63,500 / 12 months). Therefore, the FMR of $1070 would account for roughly 20% of the monthly income.
This percentage is lower than what might typically be seen in more densely populated rental markets, where rent often consumes a larger portion of income. However, given the homeowner-dominated nature of ZIP 15684, landlords should expect a different type of tenant profile. Tenants here are likely to be those who qualify for Section 8 vouchers due to lower individual incomes, possibly around half of the median household income or less.
In summary, landlords in ZIP 15684 should anticipate a smaller pool of potential tenants relying on Section 8 vouchers. These tenants will have incomes significantly below the median household income, making up a minority of the overall population. The area's low renter ratio means that competition for voucher-holding tenants may not be intense, but it also implies that the total number of such tenants is limited.
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.