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 in ZIP code 17125, located in Pennsylvania, is currently characterized by a Fixed Monthly Rent (FMR) set at $1270 for the fiscal year 2024. This figure represents the government's assessment of what constitutes fair market rental rates in the area, specifically for the Housing Choice Voucher program, commonly known as Section 8.
Despite the FMR being established, other key metrics such as market rent, the percentage of price-cut share, days on market (DOM), and median home value are not available. The absence of these data points suggests a lack of recent comprehensive analysis or reporting on the local real estate market, which can be indicative of either a stable market that hasn't seen significant changes or an underreported market that may require closer attention.
A critical missing piece is the percentage of renters in the area. In markets where a high percentage of residents are renters, there tends to be more sustained long-term housing pressure due to the reliance on rental properties. Conversely, a lower renter share might imply less immediate pressure but could also suggest that the rental sector is not as robust or well-documented. Since the renter share percentage is unavailable, it's challenging to determine the exact nature of housing pressure in ZIP 17125.
The unknown status of market rent and DOM could point towards a scenario where supply is closely matching demand, or perhaps where the market is too new or niche for extensive tracking. It's important for landlords and small-portfolio investors to consider the implications of such data gaps when making investment decisions. A thorough understanding of the local economy, job market trends, and population growth can help fill in some of these blanks and provide a clearer picture of the market dynamics.
In summary, ZIP 17125 presents itself as a market in motion, with limited data suggesting a need for further investigation into local supply and demand dynamics. The established FMR provides a benchmark for rental pricing, but the lack of other crucial metrics leaves room for speculation regarding the balance between supply and demand and the overall health of the real estate market in the area.
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.