Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17007, Boiling Springs, PA, for fiscal year 2024 is set at $1,110. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; it's the ceiling for rent charges.
In comparison, the average market rent for the area, according to the Census American Community Survey, is $1,083. This suggests that the FMR is slightly above the typical rent price, which could be advantageous for landlords participating in the Section 8 program.
The renter share in Boiling Springs is 19.4%. This indicates that nearly one in five residents are renters, creating a moderate demand for rental properties. However, the demand for affordable housing specifically is likely higher due to the income levels of potential tenants.
If you're considering acquiring a property for your first Section 8 rental in Boiling Springs, the median home value is approximately $418,252. This figure reflects the typical cost of buying a home in the area, which should be factored into your investment calculations. While the initial investment is significant, the steady stream of government-subsidized rent payments can make this a worthwhile long-term investment.
Before you proceed with purchasing a property, ensure that the property meets all the necessary Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) and must be met for a property to qualify for the Section 8 program. Verifying compliance with these standards is crucial to avoid delays or disqualification from the program.
Data Sources: FMR data from HUD (2027). 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.