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 median income for households in ZIP 17089 is currently unavailable, which complicates assessing the overall financial health and spending power of the local residents. Similarly, the exact market rate for rentals is also not specified, making it challenging to determine how much the average resident can afford compared to what they must pay.
However, the Fair Market Rent (FMR) for ZIP 17089 as of fiscal year 2024 is set at $1320. This figure represents the maximum amount that a household receiving a housing voucher would be required to pay towards their rent. Given the lack of detailed income data, this FMR serves as a critical benchmark for affordability.
The percentage of renters and the total population in ZIP 17089 are also unspecified, but these metrics are crucial for understanding the rental market dynamics. Typically, a higher percentage of renters in a community suggests a greater demand for affordable housing options, which could increase competition among landlords.
In the absence of precise income and market rate figures, the affordability gap can still be inferred through the FMR. If the actual market rates exceed $1320, there is an indication that some households might struggle to find suitable housing without assistance. This scenario would benefit landlords who are willing to accept voucher payments, as they could tap into a segment of the market that otherwise might not be able to afford local rents.
The takeaway for landlords considering voucher versus cash-pay strategies is that accepting vouchers can be a viable option to ensure consistent tenancy, especially if the local market rates are high relative to the FMR. While voucher payments come with additional administrative work, the guarantee of timely rent payments and access to a broader tenant pool can outweigh these challenges.
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.