Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 17068 has a population of 4,235, with 12.6% being renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy zone. The median household income stands at $82,888, which is relatively high compared to national averages.
Market rents in this area average $964 per month. To put this into perspective, the typical rent consumes approximately 11.6% of the median local income. This calculation is derived from dividing the monthly rent by the annual median income and multiplying by 100 (964 / (82888 / 12) * 100 = 11.6%).
The Fair Market Rent (FMR) for ZIP 17068, as set by HUD for FY 2024, is $1110. This means that the actual market rent is below the FMR, indicating that landlords might have some flexibility in setting their rental rates without exceeding the voucher limits.
A landlord in ZIP 17068 should expect tenants who are likely to be employed and have stable incomes, given the high median income level. These tenants would typically use Section 8 vouchers to supplement their housing costs, making up the difference between their income and the rent they pay. The lower-than-FMR market rent suggests that landlords can attract tenants who qualify for vouchers without having to reduce their rates significantly below the market average.
Despite the homeowner-dominated nature of the area, there remains a segment of the population that relies on rental housing and Section 8 assistance. Landlords should prepare to work with tenants who may require financial support but are still capable of contributing a significant portion of the rent themselves, ensuring that the property remains financially viable.
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.