Location: Lebanon, PA | Metro: Lebanon, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17039 in fiscal year 2024 is set at $1220. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit, but it does not necessarily reflect the actual rent a tenant will pay. The tenant's portion of the rent is based on their income, typically around 30%, while the Housing Authority covers the difference up to the FMR.
In ZIP 17039, there is currently no specific local rent data available to compare against the FMR. However, the fact that the renter share is 0.0% suggests that there is a high demand for affordable housing in this area. This means that if you have a property that qualifies and is priced appropriately, you should be able to find tenants quickly.
Acquisition costs for properties in this ZIP code are also not specified, which could indicate that there isn't a significant disparity between buying and renting properties. Nonetheless, the lack of detailed local rent data makes it important to research further into the specific neighborhood and type of property you're considering.
To ensure your investment is sound, verify that your property meets all the necessary quality and safety standards required by the Housing Choice Voucher program. These standards are set by the U.S. Department of Housing and Urban Development (HUD) and must be met before a tenant can move in under the Section 8 program.
Given the high demand for affordable housing in ZIP 17039, a Section 8 rental can provide a stable source of income with minimal vacancy risk. The guaranteed payment up to $1220 per month helps mitigate financial uncertainty, making it an attractive option for first-time Section 8 landlords.
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.