Location: York-Hanover, PA | Metro: York-Hanover, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
ZIP 17311, located within the York-Hanover, PA MSA metro area, serves as an ideal diversifier in a Section 8 portfolio strategy. The median income in this ZIP code is $77,500, indicating a moderate economic base that supports a mix of homeowners and renters. With 46.2% of households being renters, there is a significant demand for rental properties, which aligns well with the tenant base served by Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 17311 in fiscal year 2024 is set at $1130, while the market rent stands at $1167. This $37 difference represents a slight premium landlords can expect over the subsidized rate, though it's minimal. Given the lack of specific data on price-cut share and days on market (DOM), it's difficult to assess ZIP 17311 purely as an appreciation play. However, the steady rental demand suggests that property values will likely remain stable rather than appreciate rapidly.
Investing in ZIP 17311 as a diversifier offers several advantages. First, the relatively high median income means that tenants receiving Section 8 vouchers may have additional resources to cover any gap between the voucher amount and the actual rent, reducing financial risk for landlords. Second, the significant renter share ensures a consistent pool of potential tenants, minimizing vacancy rates and providing steady cash flow. Lastly, the proximity to larger urban centers within the York-Hanover MSA provides access to a broader range of employment opportunities, further stabilizing the local rental market.
In conclusion, ZIP 17311 should be considered a diversifier within a Section 8 portfolio strategy. Its moderate income levels and substantial renter population offer a balanced approach to managing risk and ensuring reliable cash flow. While the appreciation potential is limited, the stability of the rental market makes it a valuable addition to any investment portfolio focused on Section 8 housing.
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.