Location: Chambersburg, PA | Metro: Chambersburg, PA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,800 | $269,538 | 0.67% | D |
| 4BR | $1,940 | $349,474 | 0.56% | F |
U.S. Census Bureau data (2024)
20.6% of residents in ZIP code 17252 are renters, indicating a significant demand for rental properties. The Fair Market Rent (FMR) for the area, set at $960 for zip FY 2024, is an important benchmark for landlords and investors considering the rental market. This figure is notably lower than the average market rent of $1,101, based on Census ACS data, suggesting that there might be opportunities to offer competitive rates while still maintaining profitability.
$261,600 is the median home value in the area, which is a key indicator for assessing the overall property values and potential appreciation. For those looking to invest in single-family homes or small portfolios, this figure provides a starting point for valuation. Additionally, the median income of $73,629 offers insight into the financial capacity of potential tenants, ensuring that they can afford the average rent without excessive strain.
The absence of specific data regarding days on market (DOM) and the percentage of price-cut shares does not necessarily indicate poor performance but rather a lack of comprehensive data for all property types. However, given the established FMR and market rent, landlords can confidently set their rental prices, knowing that they align with both government guidelines and market conditions.
In conclusion, for Section 8 participants, the $960 FMR offers a solid guideline for rental pricing, ensuring compliance with federal standards. Given the $1,101 market rent and the 20.6% renter share, the area presents a viable opportunity for landlords and small-portfolio investors to engage in the rental market effectively. The median income of $73,629 supports the feasibility of these rents, making ZIP 17252 a suitable location for Section 8 participation.
Verdict: Suitable for Section 8 participation.Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.