Section 8 Fair Market Rent (FMR) for ZIP 17261 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 17261, located in Lancaster, Pennsylvania, offers a stable environment for real estate investment, particularly for those interested in Section 8 properties. The area is characterized by its blend of residential neighborhoods, making it an attractive location for both tenants and investors.

• The Fair Market Rent (FMR) for ZIP 17261 in fiscal year 2024 is set at $1210, providing a clear benchmark for rental rates that align with government standards.
• The market rent for the area is currently N/A, indicating a lack of recent data on typical rental prices outside of the Section 8 program.
• The median home value in ZIP 17261 is N/A, suggesting that comprehensive data on home values is not available at this time.
• The percentage of renters in the area is N/A, which means there's no specific data on how many residents are tenants versus homeowners.
• The average days on market (DOM) for properties in this ZIP code is N/A, reflecting incomplete information on how quickly homes are sold.
• The median household income for ZIP 17261 is N/A, indicating insufficient data to assess the economic profile of the area accurately.

Given the available data, investing in Section 8 properties within ZIP 17261 can be seen as a safe bet due to the established FMR rate. However, the lack of detailed market rent and median home value figures suggests a need for further research before making significant investment decisions. The absence of data on renter share and DOM also highlights potential challenges in assessing the overall demand and turnover rate of properties in this area. Despite these limitations, the stability offered by Section 8 rents, fixed at $1210, provides a reliable income stream for landlords and small-portfolio investors looking to enter the Lancaster real estate market.

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.