Location: Mercer County, 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 | $910 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $190,307 | 0.62% | D |
| 3BR | $1,510 | $284,428 | 0.53% | F |
| 4BR | $1,640 | $361,831 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 16057, located in Slippery Rock, PA within Butler County, stands out due to its demographic and economic characteristics. With a population of 15,718 residents, it has a rental rate of 42.1%, indicating a significant portion of the community relies on rented properties. The median household income is $58,288, while the median home value reaches $241,956, reflecting a stable housing market.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP 16057 in fiscal year 2024 is set at $1060. This figure is notably higher than the average market rent of $877, based on Census American Community Survey data. Landlords participating in the Section 8 program can expect a guaranteed rent that exceeds the local market rates, providing a financial advantage and stability for their investments.
The data signature for ZIP 16057 suggests a stable environment for both landlords and small-portfolio investors. The balance between renters and homeowners, combined with the disparity between FMR and market rents, indicates that the demand for affordable housing is strong. This stability is further reinforced by the relatively high median home value, which signals a robust property market. For those considering entering or expanding their presence in the Section 8 market within this ZIP code, the potential for steady returns is evident.
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.