Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 15691 in fiscal year 2024 is set at $1080. This figure represents the maximum amount that a landlord can charge for a Section 8 rental property, which is based on the Housing Choice Voucher program. It's important to note that this is not the amount tenants will pay in rent; rather, it's the cap for the government subsidy.
In ZIP 15691, the local median rent is currently listed as N/A. However, the FMR provides a benchmark for rental prices in the area. Since the renter share is listed as 0.0%, this indicates there is no additional rent required from the tenant beyond the voucher amount, meaning the landlord will receive the full $1080 as payment for the unit. This can be beneficial for landlords looking for a steady income stream without the need for extensive screening processes for creditworthiness.
The acquisition cost for properties in this ZIP code is also noted as N/A. While this data point is missing, landlords should consider the FMR when evaluating potential purchase prices or investment costs. A property that falls under the $1080 threshold would likely be a good fit for the Section 8 program, ensuring that the monthly rent does not exceed the voucher limit.
Before committing to a Section 8 rental property in ZIP 15691, landlords must verify that the property meets all the necessary housing quality standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary. Failure to meet these criteria can result in a denial of the lease by the local housing authority, which could lead to financial losses if the property is not ready for occupancy.
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.