Location: Juniata 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 | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,480 | $280,319 | 0.53% | F |
U.S. Census Bureau data (2024)
1110 FMR (zip FY 2024) stands as the Fair Market Rent for ZIP code 17062, indicating the maximum rental assistance payment the government will make on behalf of tenants participating in the Section 8 program. 890 market rent (Census ACS) is the average rent charged in the area, suggesting a gap between what the government subsidizes and the actual market rates. 296,832 median home value reflects the economic status of the neighborhood, where property values are notably high compared to national averages, yet still within reach for many residents.
11.2% renter share highlights the portion of the population that relies on rental housing, which is relatively low but still significant. 90,893 median income shows the financial capacity of the typical household, which is above the national average and suggests that residents can afford higher rents. N/A-day DOM indicates that the days on market for homes in this area are not available, possibly due to quick sales or limited inventory. N/A% price-cut share also signifies that there's no data available on how often sellers reduce their asking prices, pointing towards a strong seller's market.
In ZIP code 17062, the disparity between the Fair Market Rent and the average market rent is substantial, creating an environment where landlords may find it challenging to attract Section 8 tenants without reducing their rental rates. The high median home value and median income suggest a robust local economy, which could support higher rents and property values. However, the lack of detailed data on days on market and price-cut shares means that investors must rely on other sources to understand the dynamics of the real estate market fully.
The verdict for Section 8 participation in ZIP 17062 is cautious. Landlords should be prepared to accept lower rental payments than the market rate to remain competitive with the Section 8 program's funding limits.
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.