Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
U.S. Census Bureau data (2024)
The ZIP code 17097, located within the Harrisburg-Carlisle, PA MSA, presents a unique profile when compared to other ZIP codes in the same metropolitan area. With a Fair Market Rent (FMR) of $1110 for fiscal year 2024, it stands slightly above the average market rent of $1,063. However, the absence of home value data suggests that 17097 might be an area primarily focused on rental properties rather than homeownership.
A key indicator for potential Section 8 activity is the renter share, which for ZIP 17097 is 17.0%. While this figure alone does not conclusively point to a high concentration of Section 8 tenants, it is worth noting that typically, a higher renter share in conjunction with lower-than-average home values can indicate a favorable environment for landlords participating in the Section 8 program. Since the home value data is not available, we cannot definitively make this inference; however, the slightly elevated FMR relative to the market rent could suggest a demand for affordable housing options, including those supported by Section 8 vouchers.
To determine if ZIP 17097 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Harrisburg-Carlisle, PA MSA, it's necessary to look at the broader context. The FMR being marginally higher than the market rent implies that there may be some pressure on rental prices due to the availability of subsidized housing options. This dynamic often creates a niche where landlords can benefit from a steady stream of tenants who are financially protected by government assistance.
Given the specific figures, ZIP 17097 appears to be a mid-tier neighborhood within the Harrisburg-Carlisle, PA MSA. It is neither the most expensive nor the least expensive area, but it offers a balance that could attract both voucher holders and regular renters. The lack of home value data points towards a community structure heavily reliant on rentals, making it a prime location for landlords looking to engage in the Section 8 program.
Landlords and small-portfolio investors should pay attention to the slightly elevated FMR and the moderate renter share, as these factors could indicate a stable rental market with a significant portion of tenants utilizing Section 8 vouchers. This ZIP code could serve as a strategic investment opportunity within the metro, especially for those interested in the affordable housing sector.
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.