Location: Harrisburg-Carlisle, PA | Metro: Harrisburg-Carlisle, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
The market analysis for Section 8 investors targeting ZIP code 17106 in Harrisburg-Carlisle, Pennsylvania, reveals several key points. The Fair Market Rent (FMR) as defined by HUD for this area is set at $1270 per month for fiscal year 2024. However, due to the lack of specific market rent data, it's challenging to provide an exact comparison. Based on the available FMR, voucher tenants would typically cashflow at the standard rate, but the absence of precise market rent figures complicates this assessment.
To further understand the investment potential, consider the median home value in the area. Unfortunately, the median home value is also not provided, which makes deriving a rent-to-price ratio impossible. This ratio is crucial for determining whether renting or buying is more financially advantageous for residents, and without it, we cannot fully assess the rent-vs-buy dynamics.
Additionally, the days on market (DOM) and the percentage of listings that experience price cuts are not specified. These metrics are important for understanding how quickly properties sell and the level of negotiation involved, which can impact both cash flow and property values over time.
Despite these gaps in data, the stable HUD FMR suggests that there is a reliable income stream for landlords who can manage their expenses effectively. The strongest investor angle in ZIP 17106 appears to be stability, given the consistent FMR and the typical reliability of government-backed rental assistance programs.
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.