Section 8 Fair Market Rent (FMR) for ZIP 17102 - 2027

Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,100
1 Bedroom$1,210
2 Bedrooms$1,510
3 Bedrooms$1,940
4 Bedrooms$1,980
5 Bedrooms$2,297
6 Bedrooms$2,573
7 Bedrooms$2,779
8 Bedrooms$2,918

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
8,118
Median Household Income
$54,573
Housing Units
5,239
Renter Percentage
68.5%
Occupancy Rate
88.9%
Renter Occupied
3,189

Housing Authorities Serving ZIP 17102

The analysis of ZIP code 17102 in Harrisburg, PA, reveals several key points for landlords and small-portfolio investors.

Firstly, the rent math works favorably. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1150, which aligns closely with the market rent of $1,128 (ZORI). This indicates that rental properties can be priced competitively without deviating significantly from government guidelines.

Secondly, the acquisition cost is reasonable. With a median home value of $200,803, purchasing property in this area is affordable compared to other markets. However, the lack of data on days on market (DOM) and the low 0.4% price-cut share suggest that homes are selling quickly and without substantial discounts, indicating a stable but not overly competitive seller's market.

Lastly, there is strong tenant demand. The population of 8,118 residents, coupled with a significant 68.5% renter share, ensures a steady pool of potential tenants. This high percentage of renters signals a preference for leasing over owning, which supports the viability of rental investments.

In summary, ZIP 17102 offers a balanced environment where rental pricing adheres to market standards, home acquisitions are feasible at the median value, and tenant demand is robust. These factors collectively make it a suitable location for real estate investments under the Section 8 program.

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.