Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 17071 presents a unique opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 116, the rental market is modest but significant, given that 32.1% of residents are renters. This indicates a solid demand for rental properties, particularly those that can accommodate tenants with housing vouchers.
The median household income in ZIP 17071 stands at $46,667, which provides a benchmark for understanding the economic context of potential tenants. The average market rent in this area is $646, which equates to approximately 14% of the median household income. This suggests that typical rents are relatively affordable for the majority of residents, aligning well with the financial capabilities of many households.
However, the Federal Market Rent (FMR) for FY 2024 is set at $1,110, significantly higher than the current market rent. This discrepancy highlights the potential for landlords to increase their rents over time, especially if they wish to attract tenants outside of the Section 8 program. For now, the lower market rent means that a substantial portion of the renter pool can be served by the Section 8 voucher system, which caps allowable rent at $1,110.
A landlord in ZIP 17071 should anticipate a tenant profile that includes individuals and families who rely on housing vouchers to meet their rental obligations. These tenants will likely have a combined annual income below the area median income, and they will be looking for affordable housing options within the constraints of their voucher amounts. Given the low overall population, the competition for tenants might be less intense compared to larger metropolitan areas, allowing landlords to focus on building long-term relationships with their tenants.
In summary, ZIP 17071 is a renter-heavy area with strong demand for affordable housing, making it an ideal location for landlords willing to participate in the Section 8 program. The current market rent is far below the FMR, indicating room for growth in rental pricing as the local economy evolves. Landlords can expect to serve a diverse group of tenants who benefit from the financial assistance of housing vouchers, ensuring stable occupancy rates and a reliable source of income.
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.