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 | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $191,528 | 0.58% | F |
| 3BR | $1,440 | $234,566 | 0.61% | D |
| 4BR | $1,470 | $309,223 | 0.48% | F |
| 5BR | $1,705 | $298,416 | 0.57% | F |
U.S. Census Bureau data (2024)
ZIP code 17061, located in Millersburg, PA within the Harrisburg-Carlisle, PA MSA, exhibits characteristics that suggest it could be considered a value pocket relative to other ZIP codes in the metro area. The Fair Market Rent (FMR) for 17061 in fiscal year 2024 is set at $1110, which is notably higher than the market rent of $819. This disparity indicates that government-subsidized rents might be more favorable in this area, potentially attracting tenants who qualify for Section 8 housing assistance.
The median home value in 17061 stands at $225,166, which is likely below the average for the Harrisburg-Carlisle, PA MSA. This lower home value, combined with a relatively high renter share of 26.9%, suggests that the ZIP code offers affordable housing options for both renters and owners. In the context of Section 8 analysis, a high renter share with below-average home values often points to an area where Section 8 vouchers can have a significant impact, making it attractive for landlords and investors looking to capitalize on government subsidies.
To further contextualize, typical ZIP codes within the Harrisburg-Carlisle, PA MSA would likely have higher median home values and potentially closer alignment between FMR and market rent. The divergence in 17061, where FMR exceeds market rent, and the presence of a substantial renter population, points towards it being a prime location for Section 8 properties. Landlords and investors should consider the potential for stable income streams through Section 8 tenancy, despite the lower overall rental rates compared to unsubsidized markets.
In summary, ZIP code 17061 appears to be a value pocket within the Harrisburg-Carlisle, PA MSA, offering opportunities for landlords and investors due to its affordability and the presence of a significant renter base. The combination of these factors makes it a suitable area for properties that cater to Section 8 tenants.
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.