Section 8 Fair Market Rent (FMR) for ZIP 17019 - 2027

Location: York-Hanover, PA | Metro: Gettysburg, PA MSA

Investment Score for ZIP 17019

F
Monthly Rent (2BR)
$1,220
Median Price (2BR)
$239,708
1% Rule
0.51%
Annual Yield
6.11%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$870
1 Bedroom$960
2 Bedrooms$1,220
3 Bedrooms$1,610
4 Bedrooms$1,690
5 Bedrooms$1,960
6 Bedrooms$2,195
7 Bedrooms$2,371
8 Bedrooms$2,490

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,220 $239,708 0.51% F
3BR $1,610 $359,201 0.45% F
4BR $1,690 $479,378 0.35% F
5BR $1,960 $561,476 0.35% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
19,594
Median Household Income
$94,423
Housing Units
7,872
Renter Percentage
16.6%
Occupancy Rate
95.9%
Renter Occupied
1,254

The ZIP code 17019, located in Dillsburg, PA, is positioned within the York-Hanover, PA MSA metro area. Its Fair Market Rent (FMR) for FY 2024 is set at $1,160, slightly above the market rent of $1,138. The median home value in this ZIP is $378,245, and it has a renter share of 16.6%.

When comparing these figures to typical ZIP codes within the York-Hanover, PA MSA, 17019 appears to be a mid-tier neighborhood. The FMR and market rent are fairly close to each other, indicating that the rental market is relatively stable and reflective of the actual rental costs. This suggests that the ZIP code is neither significantly overvalued nor undervalued compared to its metro average.

The median home value of $378,245 is also indicative of a middle-range property price point within the broader metro area. This value is likely to attract a mix of first-time homebuyers and moderate-income families who are looking for affordable housing options but still want to live in a community with reasonable amenities and proximity to urban centers.

A notable aspect of ZIP 17019 is its relatively high renter share of 16.6%. While this percentage is not exceptionally high compared to some urban areas, it does suggest a significant portion of the population is renting rather than owning homes. Given the median home value is below the metro average, this combination can signal a potential sweet spot for Section 8 tenants. Landlords and small-portfolio investors might find opportunities here, as the higher renter share could mean a larger pool of potential tenants eligible for Section 8 assistance.

In summary, ZIP 17019 presents itself as a balanced option within the York-Hanover, PA MSA, offering neither premium nor budget pricing. It stands out for its potential to attract Section 8 tenants due to the high renter share and reasonable home values.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.