Location: Pittsburgh, PA | Metro: Pittsburgh, PA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,600 | $338,213 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 16056 presents a dynamic rental market that is influenced by several key factors. The Fair Market Rent (FMR) for the area, set at $1040 for the fiscal year 2024, indicates the government's benchmark for affordability. However, the actual market rent stands at $869, according to the latest Census American Community Survey (ACS) data. This suggests that while there might be some upward pressure on rents, the current market conditions do not fully support the higher FMR, implying potential competition among landlords.
The median home value in ZIP 16056 is $294,758. This figure can be compared against the average rent to gauge the relative attractiveness of owning versus renting. Given the lower market rent compared to the FMR, it implies that the rental market may still have room for growth if demand increases, but currently, the rental rates are below what might be considered a fair market rate based on the cost of living.
A 21.8% renter share in the area tells us that a significant portion of the population is租房而非拥有房产。这一比例表明该地区的长期住房压力相对较小，因为大部分居民仍然是房主。然而，随着租户比例的增加，可能会对租金产生上行压力，尤其是在房源有限的情况下。目前的数据没有显示降价比例和在市场上待售的天数（DOM），这使得很难评估供需关系的具体情况。但是，从市场租金低于公平市场租金这一点来看，可以推测出在这个邮政编码区域中，需求可能还没有完全超过供应。如果未来有更多的租户进入市场，而房源数量保持不变或增长缓慢，那么租金很可能会上升以反映这种需求的增长。
请注意，由于提供的数据中没有降价比例和在市场上待售的天数（DOM）的信息，上述分析是基于现有数据的合理推断，而不是确切的供需指标。要获得更精确的市场动态描述，需要这些额外的数据点来补充当前的分析。Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.