FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.92ratio
FMR$1,146
Market$1,250
vs market-$104
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.96ratio
FMR$1,389
Market$1,440
vs market-$51
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.02ratio
FMR$1,773
Market$1,740
vs market+$33
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.90ratio
FMR$1,925
Market$2,140
vs market-$215
FMR is below market; voucher rent may lag private rents.
0.90
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 15261 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 15261 (Pittsburgh, PA) is $1,389 a month. That is up 6.9% from $1,299 in FY 2026. Pittsburgh is in the Pittsburgh, PA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 15261 is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 15261
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,001
$1,075
+7.4%
$968–$1,183
1BR
$1,077
$1,146
+6.4%
$1,031–$1,261
2BR
$1,299
$1,389
+6.9%
$1,250–$1,528
3BR
$1,661
$1,773
+6.7%
$1,596–$1,950
4BR
$1,789
$1,925
+7.6%
$1,733–$2,118
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 15261
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,075
$1,146
$1,389
$1,773
$1,925
FY 2026
$1,001
$1,077
$1,299
$1,661
$1,789
FY 2025
$998
$1,068
$1,280
$1,632
$1,759
FY 2024
$917
$965
$1,161
$1,474
$1,605
FY 2023
$862
$904
$1,090
$1,386
$1,515
Questions about ZIP 15261 rents
How much will Section 8 pay for a two-bedroom in ZIP 15261?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,389, that basic range is $1,250 to $1,528 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 15261 in?
ZIP 15261 is in the Pittsburgh, PA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 15261 for FY 2027?
The two-bedroom FMR rose 6.9%, from $1,299 in FY 2026 to $1,389 in FY 2027. Since FY 2023 it has risen 27.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set