Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
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 | $1,070 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,180 | $144,887 | 0.81% | C |
| 2BR | $1,470 | $217,831 | 0.67% | D |
| 3BR | $1,890 | $276,983 | 0.68% | D |
| 4BR | $1,930 | $421,415 | 0.46% | F |
| 5BR | $2,239 | $494,167 | 0.45% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 17013, Carlisle, PA, stands at $71,042. Considering the market rate for rent, which is $1,585 (ZORI), it becomes evident that a significant portion of households may struggle to afford these rents without financial assistance. The disparity between the median income and the market rent suggests a notable affordability gap.
In contrast, the Section 8 Housing Choice Voucher program offers a more affordable option, with the Fair Market Rent (FMR) set at $1,150 for the fiscal year 2024. This means that landlords who accept vouchers can expect to receive a fixed payment that is significantly lower than the market rate but still provides a steady income source. The voucher amount is designed to cover a substantial part of the rent, making housing more accessible for low-income families.
With 38.3% of the population being renters and a total population of 38,513, the competition among landlords in Carlisle is likely to be fierce. Landlords must consider the balance between accepting higher-paying market-rate tenants and those who rely on vouchers. Given the affordability gap, there is a considerable demand for subsidized housing options.
The takeaway for landlords is clear: while market-rate rents offer higher immediate returns, the competition for such tenants is intense. Accepting vouchers ensures a reliable income stream and helps address the housing needs of a significant portion of the community. However, landlords should also be prepared to manage the administrative requirements associated with participating in the voucher program. Balancing both strategies could provide a sustainable approach to navigating the rental market in Carlisle.
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.