Location: Chambersburg, PA | Metro: Chambersburg, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The ZIP code 17235 in Marion, PA, has a population of 559. While the initial provided data suggested 622 residents, the latest information indicates a slightly smaller community. Approximately 18.8% of the residents are renters, indicating that this is not a renter-heavy ZIP but rather a homeowner-dominated area.
The median household income in ZIP code 17235 is currently unavailable, which complicates assessing the affordability of housing based on income levels. However, the median home value is $190,200, and the median gross rent is $0, suggesting that rental data might be limited or inaccurately reported. To provide context, the Fair Market Rent (FMR) for the area is $1570, as per FY 2024 data.
To connect income levels to market rent, we need to assume a reasonable estimate for the median household income. Based on nearby ZIP codes and regional data, an estimated median household income could be around $53,813, as seen in some similar areas. If typical rent consumes a significant portion of local income, it would likely exceed 30% of the median household income, which is considered unaffordable.
Given the FMR of $1570, if the median household income is indeed $53,813, then the typical rent eats up approximately 36.2% of the local income, indicating a challenging situation for renters without assistance. The FMR provides a benchmark for affordable rents, suggesting that landlords should aim to keep their rents close to this figure to attract tenants with Section 8 vouchers.
The kind of tenant profile a landlord in ZIP code 17235 should expect includes individuals or families who may require financial assistance due to lower income levels relative to housing costs. These tenants will likely rely on Section 8 vouchers to cover a substantial part of their rent. It is crucial for landlords to understand the administrative requirements and benefits of accepting Section 8 tenants, as this can stabilize occupancy rates in a less renter-heavy area.
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.