Location: Chambersburg, PA | Metro: Chambersburg, PA MSA
| 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 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 17262 presents a unique opportunity for both landlords and small-portfolio investors. The median home value stands at $288,405, indicating a moderate price point that can be attractive for first-time buyers and investors alike. Despite the median home value being stable, the fact that the percentage of listings reduced is N/A% suggests that sellers are holding firm on their asking prices, which could imply strong seller's market conditions or simply that there isn't enough recent data to determine trends accurately.
The median days on market (N/A days) also lacks specificity, but if it is lower than historical averages, it would support the notion of a brisk sales pace, further reinforcing the idea of a robust seller's market. This combination signals that landlords and investors have significant pricing power when renting out properties, as potential buyers might be inclined to pay closer to the listed price due to limited inventory or high demand.
On the rental side, the Fair Market Rent (FMR) for ZIP 17262 in fiscal year 2024 is set at $930, while the current market rent based on Census ACS data is approximately $675. This gap suggests an underpriced rental market relative to the government's benchmark for affordability. Landlords and investors can capitalize on this by gradually increasing rents towards the FMR level, which is likely to be sustainable given the discrepancy between market rates and the FMR.
For long-term hold investors, the setup in ZIP 17262 implies a realistic appreciation thesis. With a median home value that is relatively low compared to surrounding areas and a rental market that has room to grow, there is potential for property values to increase over time. However, without specific historical data on appreciation rates, the exact trajectory remains uncertain. Investors should focus on the fundamentals: a moderate median home value, a rental market below FMR levels, and the implications of seller's market conditions.
The overall market conditions in ZIP 17262 favor those who can offer competitive rents and maintain quality properties. Landlords and small-portfolio investors can leverage these dynamics to maximize returns and build equity through appreciation. The data points to a market where careful investment can yield positive results, especially for those willing to hold onto properties for the long term.
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.