Section 8 Fair Market Rent (FMR) for ZIP 17246 - 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

542

Median Household Income

$74,713

Housing Units

183

Renter Percentage

N/A

Occupancy Rate

89.6%

Renter Occupied

ZIP code 17246, located in Lancaster, Pennsylvania, is a suburban area known for its residential neighborhoods and proximity to amenities and services. This region offers a mix of detached homes and some rental properties, catering to families and individuals seeking a quieter lifestyle outside the hustle of urban centers.

The Fair Market Rent (FMR) for ZIP 17246 in fiscal year 2024 is set at $1250, providing a benchmark for rental pricing in the area.
Market rent data is currently unavailable for ZIP 17246, indicating a lack of recent rental activity or reporting.
The median home value in ZIP 17246 is not available, suggesting limited data on the local housing market.
Renters make up only 0.0% of the population, reflecting a predominantly owner-occupied community with few opportunities for rental investment.
The days on market (DOM) data is also not available, which could indicate a stable housing market where sales are less frequent but typically quick when they occur.
The median household income stands at $74,713, offering insight into the economic profile of residents and their potential buying power.

Given the data points, investors looking to enter ZIP 17246 should focus on purchasing homes rather than rentals, as the area is primarily composed of homeowners. The FMR of $1250 provides a reference point for rental values, though the scarcity of market rent data suggests that rental properties might not be a lucrative investment. With a median income of $74,713, the local economy supports a middle-class demographic, which can be advantageous for property values. However, the absence of median home value and DOM data limits the ability to assess the overall health and speed of the real estate market, making it essential for investors to conduct thorough due diligence before committing to purchases in this 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.