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 | $1,370 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,880 | $259,610 | 0.72% | D |
| 3BR | $2,420 | $325,116 | 0.74% | D |
| 4BR | $2,470 | $490,982 | 0.5% | F |
| 5BR | $2,865 | $599,294 | 0.48% | F |
U.S. Census Bureau data (2024)
To effectively integrate ZIP 17112, located in Harrisburg, PA, into a Section 8 portfolio strategy, one must consider several key metrics that define its suitability. This area serves as a cash-flow anchor due to the favorable spread between the Fair Market Rent (FMR) and the local market rent.
The FMR for ZIP 17112 in fiscal year 2024 is set at $1470, while the market rent stands at $1690. This $220 difference per unit provides a steady and predictable income stream for landlords and small-portfolio investors. The lower FMR allows properties to be rented out to Section 8 participants without significant financial strain, ensuring consistent cash flow.
The median home value in ZIP 17112 is $358,340, which places it in a moderate valuation range for the region. This stability in property values supports the idea of using this ZIP as an anchor within a broader investment strategy. It ensures that even if the overall market experiences fluctuations, the properties in ZIP 17112 will maintain their value and continue to provide reliable rental income.
The 0.2% price-cut share and 15-day days on market (DOM) indicate that the housing market in ZIP 17112 is relatively stable and does not require frequent price adjustments or extended periods to sell. While these factors might suggest potential for appreciation, the primary focus should remain on the cash-flow aspect given the specific metrics provided.
The 16.9% renter share and median income of $103,876 further reinforce the cash-flow anchor role. These figures show that there is a sufficient number of renters who can afford to pay the market rent, ensuring a robust demand for rental properties. Additionally, the median income indicates that residents have the economic means to sustain rental payments, reducing the risk of default.
In summary, ZIP 17112 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The combination of a moderate median home value, a manageable spread between FMR and market rent, and a stable renter base with adequate income levels makes it an ideal choice for investors seeking steady returns and low-risk investments.
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.