Section 8 Fair Market Rent (FMR) for ZIP 16724 - 2026

Market Analysis for ZIP 16724

Cities Covered: This ZIP code covers Crosby.

FMR Rates (FY 2026):
Studio: $710 | 1BR: $840 | 2BR: $980 | 3BR: $1,230 | 4BR: $1,460

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$94,000
  1% Rule: $980 ÷ $94,000 = 0.89% 👎 Below 1% Rule
• 3BR Properties: Median price ~$124,000
  1% Rule: $1,230 ÷ $124,000 = 0.79% 👎 Below 1% Rule

Market Overview: Crosby’s 16724 ZIP code serves about 1,200 residents. Families account for 45%, professionals 15%, students 5%, and service workers 35%. Vacancy is 4.2% and year‑over‑year rent growth is 3–5%. Drivers include local manufacturing, small businesses, and proximity to Pittsburgh. The market is in a growth phase with a 1% population increase. Cash flow is moderate; the 1% rule is not met, but 6–8% gross yields are attainable on 2BR units at $980/month and 7–9% on 3BR units at $1,230/month. Appreciation trends 3–4% annually, offering moderate upside.

Investment Takeaway: Investment Takeaway: Target purchase prices of $90‑110k for 2BR units to achieve gross yields of 6–8% when rents reach $980/month. 3BR units at $1,230/month generate 7–9% gross yield in the $110‑130k segment. Turnkey properties are ideal; light‑rehab can push rents higher. Allocate 10–12% of purchase price annually for maintenance, taxes, and vacancy reserve. Focus on 2BR units, as the market is dominated by families and service workers. 3BR units remain attractive for larger households. Cash flow is solid, with moderate appreciation (3–4%) adding upside.

Key Considerations: Key Considerations: Cash‑flow market with moderate appreciation. Screen tenants with credit ≥650, income ≥3× rent. Budget 8–10% maintenance, 5% vacancy, 1.5–2% taxes. Risks: tenant turnover, aging homes, limited new construction. Professional management at 8–10% of rent recommended for remote investors. Expected appreciation 3–4% annually.