Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The ZIP code 16050 stands out due to its unique mix of demographics and housing economics. With only 1,097 residents, it is a small community where 18.8% of the population rents their homes. The median income here is $56,708, and the median home value is notably higher at $150,472. This indicates that while there is a significant portion of renters, the overall economic profile leans towards homeownership.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 16050 in fiscal year 2024 is set at $1,050. This contrasts with the market rent, which according to Census ACS data, is slightly higher at $1,109. This modest gap between FMR and market rent suggests that landlords can expect a reasonable profit margin when accepting vouchers, without facing a significant disparity between subsidized and market rates.
Based on the available data, ZIP 16050 presents a stable environment for both landlords and small-portfolio investors. The relatively high median home value alongside a modest rental market implies a balanced ecosystem where rental properties serve a necessary function without being overly saturated. The slight difference between FMR and market rent supports steady cash flow for those willing to accept vouchers, making this ZIP code an attractive and predictable investment opportunity.
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.