Section 8 Fair Market Rent (FMR) for ZIP 17214 - 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)

Population

1,143

Median Household Income

$62,188

Housing Units

714

Renter Percentage

42.0%

Occupancy Rate

79.0%

Renter Occupied

237

The ZIP code 17214, located in Lancaster, Pennsylvania, is a suburban area characterized by a mix of residential neighborhoods and commercial developments. It offers a stable environment for both homeowners and renters, with a variety of housing options that cater to different income levels and family sizes.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 17214 for fiscal year 2024 is set at $930, providing a benchmark for rental pricing in the area.
The average market rent for properties in this ZIP code, according to the Census Bureau's American Community Survey (ACS), stands at $845. This figure reflects the actual rental rates being charged in the local market.
The median home value in ZIP 17214 is $273,894, indicating a moderate cost of living compared to other areas in Pennsylvania.
Renters make up 42.0% of the housing stock in this ZIP code, suggesting a significant demand for rental properties.
The median household income in ZIP 17214 is $62,188, which is a key factor in determining the affordability of housing for residents.

In summary, ZIP 17214 presents a balanced market for landlords and small-portfolio investors. With the Fair Market Rent slightly above the average market rent, there is room for modest increases without pricing out potential tenants. The high renter share indicates strong demand for rental units, while the median income supports the ability of residents to meet higher rents. Given these conditions, investing in rental properties in this ZIP code could be profitable, especially if targeting affordable housing segments that align with the local economic profile.

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.