Location: York-Hanover, PA | Metro: York-Hanover, 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 | $1,070 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,970 | $398,848 | 0.49% | F |
| 4BR | $2,070 | $497,510 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 17321 stands out in its county due to a unique blend of demographic and economic factors. With only 2,419 residents, it has a relatively low population density. Despite this, the median income is quite robust at $114,205, indicating a higher-than-average earning capacity among its inhabitants. The median home value is also impressively high at $406,009, reflecting the affluent nature of the area.
When considering the rental market, however, the dynamics shift. Only 9.7% of the residents rent their homes, which is a significantly lower percentage compared to many other ZIP codes. This suggests that homeownership is highly prevalent in 17321, possibly due to the high median home value and income levels that support property purchases.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 17321 is set at $1,170 for fiscal year 2024. In contrast, the average market rent based on Census ACS data is $1,599. This disparity indicates that landlords accepting Section 8 vouchers might experience a slight shortfall in rental income, but the overall economic stability of the area should mitigate any significant risks.
Given the data signature of ZIP 17321, it reads as stable. The high median income and home values suggest a strong local economy and a consistent demand for housing. While the low rental rate implies that the majority of residents own their homes, the presence of a Section 8 program still offers an opportunity for some rental properties to be occupied by tenants receiving government assistance. However, the gap between FMR and market rent means that landlords must carefully consider the financial implications before participating in the Section 8 program.
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.