Section 8 Fair Market Rent (FMR) for ZIP 17318 - 2027

Location: York-Hanover, PA | Metro: York-Hanover, PA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,100
1 Bedroom	$1,200
2 Bedrooms	$1,530
3 Bedrooms	$2,030
4 Bedrooms	$2,130
5 Bedrooms	$2,471
6 Bedrooms	$2,768
7 Bedrooms	$2,989
8 Bedrooms	$3,138

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

230

Median Household Income

$N/A

Housing Units

128

Renter Percentage

68.1%

Occupancy Rate

88.3%

Renter Occupied

The ZIP code 17318, located in Lancaster County, Pennsylvania, is characterized by a mix of residential areas and small-town charm. The region offers access to local amenities and is within commuting distance to larger cities such as Lancaster and Harrisburg, making it an attractive location for both homeowners and renters.

Fair Market Rent (FMR) for ZIP 17318 in fiscal year 2024: The FMR is set at $1340, indicating the average monthly rent that tenants can expect to pay for a standard unit.
Market Rent: Data on the current market rent is not available, which suggests that the FMR might be a reliable benchmark for setting rental prices in this area.
Median Home Value: The median home value in ZIP 17318 is $221,822, reflecting the typical cost of a single-family home in the area.
Renter Share: Approximately 68.1% of the residents in ZIP 17318 are renters, highlighting a strong demand for rental properties.
Days on Market (DOM): Information regarding the average days a property remains on the market before being sold is not available, but the high renter share suggests that rental units may have a shorter vacancy period.
Median Income: The median income figure for ZIP 17318 is not available, but given the high renter share and the FMR, it's likely that the income levels support the rental market.

Investors looking to enter the ZIP 17318 market should focus on rental properties, as the high renter share indicates a robust demand for leasing options. With the Fair Market Rent at $1340, landlords can set competitive rates. Although the median home value is relatively low at $221,822, this makes it accessible for small-portfolio investors to acquire properties. The lack of specific market rent and median income data means that investors will need to conduct thorough local research to understand the full financial landscape. However, the combination of a supportive rental environment and affordable property values presents a favorable opportunity for those interested in the real estate market of this area.

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.