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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,210 | $177,349 | 0.68% | D |
| 2BR | $1,510 | $203,338 | 0.74% | D |
| 3BR | $1,940 | $208,386 | 0.93% | C |
| 4BR | $1,980 | $223,108 | 0.89% | C |
| 5BR | $2,297 | $196,342 | 1.17% | B |
U.S. Census Bureau data (2024)
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). 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.