Section 8 Fair Market Rent (FMR) for ZIP 17210 - 2027
Location: Chambersburg, PA | Metro: Chambersburg, PA MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$62,344
A skeptical investor might raise several concerns regarding ZIP 17210 (Amberson, PA).
- Will Fair Market Rent (FMR) of $960 cover the mortgage on a home? The median home value in Amberson is $205,400. Assuming a typical mortgage rate of 4.5%, the monthly payment on a $205,400 home would be approximately $1,025. With an FMR of $960, covering the mortgage would be challenging unless the landlord can charge slightly above the FMR.
- Is there enough renter demand at 11.0%? The rental market in Amberson is relatively small, with only 6.0% of the population being renters. However, the median monthly rent for a 1-bedroom apartment is $680, which suggests a niche market for smaller, more affordable units. The limited demand means competition among landlords is lower, but also implies fewer potential tenants.
- Will vouchers keep pace with market rents? There is no specific data on voucher amounts in ZIP 17210. However, given the median home value and rental prices, vouchers are likely to be sufficient for covering the cost of a modest rental unit. Investors should monitor local housing authority updates to ensure vouchers remain aligned with market rents.
The data indicates a moderately priced housing market, with median home values significantly below the national average. This affordability could attract first-time homebuyers, potentially reducing long-term rental demand. Nevertheless, the recent 15.01% increase in home prices highlights the area's growth potential, making it a worthwhile investment despite the challenges.
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.