Location: Lebanon, PA | Metro: Lebanon, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The ZIP code 17077, located in Ono, Pennsylvania, is a small residential area with a population of approximately 108 individuals. A significant portion, 78.4%, of these residents are renters, indicating a strong demand for rental properties. The median household income in this area is $52,656, suggesting a middle-income community.
The median home value data is not available for ZIP 17077, likely due to the limited number of homes in the area. However, the Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $1120. This figure represents the government's estimate of what constitutes a reasonable rent for a voucher holder, and it serves as a benchmark for rental rates in the area.
Given the high percentage of renters and the established FMR, ZIP 17077 appears to be well-suited for a hands-off voucher operator. Landlords who are willing to accept Section 8 vouchers can expect steady, reliable tenants with government-backed rent payments. The area's small size and limited number of properties also make it ideal for those looking to manage a portfolio without extensive active management.
For hands-on value-add buyers, the opportunity may be less clear. While the community has a solid base of renters, the lack of detailed market rent data makes it difficult to assess potential for increasing rents beyond the FMR. Moreover, the limited number of properties means fewer chances to implement value-add strategies such as renovations or upgrades.
In summary, ZIP 17077 presents a niche investment opportunity for hands-off operators interested in Section 8 properties, offering a stable rental environment with predictable income streams.
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.