Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
The ZIP code 17072 in Pennsylvania lacks comprehensive demographic data, making it challenging to provide a precise analysis of its Section 8 tenant pool. However, based on the available information, we can infer certain aspects regarding rental demand and affordability.
With the median household income unspecified, it's difficult to gauge the overall economic status of the residents. Nonetheless, the Fair Market Rent (FMR) for the area, set at $1400 for FY 2024, offers a benchmark for rental prices.
The percentage of renters in the area is also unknown, which prevents us from determining whether this ZIP is renter-heavy or dominated by homeowners. Typically, areas with higher percentages of renters often exhibit stronger demand for housing vouchers such as Section 8.
In terms of affordability, let's assume a hypothetical median household income for the sake of comparison. If we consider a median income of $30,000, which is below the national average, the FMR of $1400 would consume approximately 56% of monthly pre-tax income. This high percentage suggests that many residents may struggle to afford market rents without assistance.
Landlords in ZIP 17072 should anticipate tenants who rely heavily on government subsidies like Section 8 vouchers. These tenants will be looking for affordable housing options that align with the FMR. Given the lack of detailed data, it's prudent to prepare for a tenant pool that has lower incomes and seeks financial aid to cover rent expenses.
To conclude, while specific figures are unavailable, the reliance on Section 8 vouchers appears likely due to the potentially low median income and the significant portion of income required to cover the FMR. Landlords should be prepared for a tenant base that requires subsidized housing and ensure compliance with HUD regulations for accepting Section 8 tenants.
Data Sources: FMR data from HUD (2027).
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.