Location: Snyder County, 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 | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $283,180 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 17045 in Snyder County, PA, presents a unique opportunity for Section 8 investors. The HUD Fair Market Rent (FMR) for the area is set at $1110 for fiscal year 2024. This figure is notably higher than the market rent reported by the Census ACS, which stands at $799. Given this discrepancy, voucher tenants will cashflow at the HUD FMR rate, providing a significant financial advantage for landlords.
To understand the potential returns better, consider the median home value in the area, which is $267,035. Using this figure, we can calculate the rent-to-price ratio. With a monthly rent of $799, the annual rent is approximately $9,588. Dividing this by the median home value gives us a rent-to-price ratio of roughly 3.6%. This ratio indicates that rental income is relatively low compared to property values, but it also highlights the substantial subsidy available through the HUD FMR, making voucher tenants particularly profitable.
In terms of the broader real estate market, the data shows that there is no available information on the median Days on Market (DOM) or the percentage of homes that have experienced price cuts. However, given the strong disparity between the HUD FMR and the actual market rent, the dynamics favor rental over purchasing, especially for those looking to capitalize on government subsidies.
The strongest angle for investors in this market is cashflow. The difference between the HUD FMR and the market rent ensures that landlords will see positive cashflow even with standard units, without the need for premium upgrades. This makes ZIP 17045 an attractive option for those seeking reliable income streams from their real estate investments.
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.