Location: Harrisburg-Carlisle, PA | Metro: Gettysburg, 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $254,355 | 0.41% | F |
| 3BR | $1,420 | $311,671 | 0.46% | F |
| 4BR | $1,520 | $372,277 | 0.41% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 17307, located in Biglerville, Pennsylvania, reveals a market that is neither a high-yield/low-stability flip-style market nor a steady cash flow zone, but rather a middle-ground scenario.
Yield: The Federal Market Rent (FMR) for ZIP 17307 in fiscal year 2024 is set at $1,110. This figure is significantly higher than the local market rent of $860, indicating a potential rental income premium for properties participating in the Section 8 program. However, the median home value of $309,066 suggests that the initial investment required for a property in this area is substantial. For landlords and small-portfolio investors, the FMR provides a reliable benchmark for setting rents that can be covered by Section 8 vouchers, thereby ensuring a higher yield compared to the standard market rates.
Stability: The ZIP code has a relatively low percentage of renters at 19.9%, which could indicate a less stable tenant pool. With no data available for the number of days on the market (DOM), it's difficult to assess the turnover rate. However, the median household income of $88,571 suggests that there is a reasonable financial stability among residents, which could support consistent rental payments.
In summary, ZIP 17307 offers a moderate yield through participation in the Section 8 program, given the difference between the FMR and market rent. While the renter population is not overwhelmingly large, the income levels provide some assurance of financial stability. Therefore, this area represents a balanced opportunity for investors seeking both reasonable returns and a degree of tenant reliability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.