Location: Chambersburg, PA | Metro: Chambersburg, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 17256 in Chambersburg, PA, stands out due to limited data availability, which presents both challenges and opportunities for landlords and small-portfolio investors. The specific details such as the number of residents, the percentage of renters, median income, and median home value are currently not available, indicating a lack of comprehensive recent economic indicators.
Despite these data gaps, the voucher economics provide a clearer picture. The Fair Market Rent (FMR) for ZIP 17256 in fiscal year 2024 is set at $1150. This figure is crucial for understanding the rental assistance landscape. Without precise local market rent data, it's important to note that the FMR serves as a benchmark for determining the maximum payment standards for housing assistance programs. Landlords can use this $1150 figure to estimate potential rental incomes when participating in the Section 8 program.
The absence of detailed economic data points to a transitional phase for ZIP 17256. While the lack of specific numbers can make long-term planning difficult, it also suggests that there might be room for growth and development in the area. For investors, this means keeping an eye on future updates and changes in the economic profile of the ZIP code, as they could significantly impact investment decisions and property values.
In summary, while the economic signature of ZIP 17256 is currently marked by data gaps, the known FMR of $1150 offers a starting point for landlords and investors. The overall environment appears transitional, offering both uncertainties and potential opportunities for those willing to engage closely with the evolving market conditions.
Data Sources: FMR data from HUD (2027).
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.