Section 8 Fair Market Rent (FMR) for ZIP 16051 - 2027

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

Investment Score for ZIP 16051

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$219,235

1% Rule

0.46%

Annual Yield

5.53%

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	$750
1 Bedroom	$810
2 Bedrooms	$1,010
3 Bedrooms	$1,360
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

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
2BR	$1,010	$219,235	0.46%	F
3BR	$1,360	$290,156	0.47%	F
4BR	$1,490	$403,671	0.37%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,119

Median Household Income

$88,958

Housing Units

1,395

Renter Percentage

7.8%

Occupancy Rate

94.3%

Renter Occupied

103

Portersville, PA, located in Allegheny County, is a small town with a population under 1,000 residents. The area offers a quiet living environment with access to nearby amenities and attractions in larger cities like Pittsburgh. For landlords and small-portfolio investors, understanding the local rental market dynamics is crucial for making informed decisions.

The Fair Market Rent (FMR) for a one-bedroom apartment in Portersville for fiscal year 2024 is set at $850, according to the latest HUD guidelines.
The average market rent for a similar unit, based on Census American Community Survey (ACS) data, stands at $964, indicating a slight premium over the FMR.
The median home value in the ZIP code is $266,453, which reflects the overall property values in the area.
Renters make up 7.8% of the housing market, suggesting that while homeownership is prevalent, there is still a notable demand for rental properties.
The median income for residents in Portersville is $88,958, providing insight into the economic health and potential tenant affordability.
The Days on Market (DOM) data is currently unavailable, which means we cannot assess how quickly properties are typically leased in the area.

Investors looking to enter the Portersville rental market should consider the relatively high median income alongside the slightly above-average market rents compared to the FMR. With a median home value of $266,453, the cost of entry into the real estate market can be assessed against the potential rental income. Although the percentage of renters is low at 7.8%, the strong median income suggests that tenants could be financially stable. However, without DOM data, it's difficult to gauge the speed at which rental units are filled, which is a critical factor for cash flow management. Overall, Portersville presents a moderate opportunity for rental investment, with a focus on ensuring properties are priced competitively and attract financially secure tenants.

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.