Section 8 Fair Market Rent (FMR) for ZIP 17312 - 2027
Location: York-Hanover, PA | Metro: York-Hanover, PA MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $950 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
To determine if a landlord should invest in ZIP code 17312 for Section 8 properties, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $1200 cover the debt service on a property?
- Yes: If the FMR of $1200 can fully cover the debt service of a property, then this ZIP code is financially viable for Section 8 investments.
- No: If the FMR of $1200 does not cover the debt service, then purchasing a property in this ZIP code would result in financial losses.
- 2) How does the market rent compare to the FMR?
- Above FMR: If the market rent exceeds $1200, landlords might consider other investment opportunities where they could potentially earn higher returns without the constraints of Section 8.
- At FMR: If the market rent is exactly $1200, this ZIP code is suitable for Section 8 investments, assuming the demand is sufficient.
- Below FMR: If the market rent is less than $1200, Section 8 can still be a stable option as long as the lower market rent does not significantly reduce the overall rental income.
- 3) Is there enough demand for Section 8 units?
- Yes: If the percentage of renters is high and the days on market (DOM) is low, indicating strong demand, then investing in Section 8 properties here is advisable.
- No: If the percentage of renters is low and the DOM is high, there isn't enough demand to support Section 8 investments, leading to potential vacancy issues.
- It Depends: If the demand is moderate, with neither exceptionally high nor low percentages of renters and DOM, then the decision hinges on the landlord's tolerance for risk and the specific property's characteristics.
The final decision to purchase a property in ZIP 17312 for Section 8 should be based on the answers to these questions. If all branches lead to a positive outcome, then the answer is yes. If any branch leads to a negative outcome, the answer is no. In cases where the outcomes are mixed, the decision will depend on the landlord's individual criteria and risk assessment.
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.