Location: Reading, PA | Metro: Lebanon, 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 | $1,000 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $257,773 | 0.55% | F |
| 3BR | $1,760 | $309,436 | 0.57% | F |
| 4BR | $1,920 | $434,687 | 0.44% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 17067, located in Myerstown, PA, within the Reading, PA MSA, reveals a balanced scenario where voucher tenants can provide stable cash flow when managed effectively. The HUD Fair Market Rent (FMR) for ZIP 17067 in fiscal year 2024 is set at $1,180. This figure is slightly below the market rent of $1,236 as reported by the Census ACS.
Given that the HUD FMR is lower than the market rent, landlords can expect to cash flow marginally with standard units. However, premium units—those that offer better amenities or are in superior condition—can generate positive cash flow due to higher rental rates. The median home value in ZIP 17067 stands at $312,236, which yields a rent-to-price ratio of approximately 0.4%, indicating that rental properties are relatively affordable compared to homeownership options.
Note that the median Days on Market (DOM) and the percentage of homes that required a price cut are not applicable (N/A) in this analysis. However, these metrics would typically be relevant for understanding the local housing market's dynamics, especially in relation to the rent-versus-buy decision. In ZIP 17067, the primary focus should be on the stability and predictability that Section 8 vouchers provide, ensuring consistent rental income regardless of market fluctuations.
The strongest investor angle in ZIP 17067 is stability. Landlords and small-portfolio investors can rely on the guaranteed income from Section 8 vouchers to maintain steady cash flow, making it an attractive option for those seeking low-risk 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.