Location: Harrisburg-Carlisle, 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 | $800 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $190,957 | 0.58% | F |
| 3BR | $1,410 | $247,002 | 0.57% | F |
| 4BR | $1,450 | $302,883 | 0.48% | F |
U.S. Census Bureau data (2024)
The investment landscape in ZIP code 17074 of Newport, PA, presents several challenges for first-time Section 8 landlords. Tenant turnover is a significant concern, with the market rent at $802 being notably lower than the Fair Market Rent (FMR) of $1110 for fiscal year 2024. This discrepancy suggests that tenants might be more likely to move when they find higher-paying jobs or better rental options, leading to frequent changes in occupancy. Vacancy exposure is another critical issue, as the days on market (DOM) data is currently unavailable, making it difficult to predict how long a property might remain unoccupied between tenancies. Additionally, the typical home value of $257,026 and median income of $81,964 indicate a potential for deferred maintenance issues. Lower incomes can mean that tenants have less disposable cash to cover unexpected repairs, placing the burden on landlords to maintain properties to meet Section 8 standards.
However, these risks are tempered by the high concentration of renters in Newport, with 26.5% of the population租房。这个高比例的租房者通常意味着对 voucher 的需求更大，这可以为房东提供稳定的收入来源。Section 8 项目的租户通常会按时支付租金，并且有政府补贴来确保租金得到支付。
综合以上分析，对于首次尝试 Section 8 投资的新波特房东来说，风险等级为中等。虽然存在一些潜在问题，但高租房率和稳定的租金收入可以抵消这些风险。
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.