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 | $1,050 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $290,185 | 0.51% | F |
| 3BR | $1,950 | $339,342 | 0.57% | F |
| 4BR | $2,050 | $429,569 | 0.48% | F |
U.S. Census Bureau data (2024)
Felton, PA, located in ZIP code 17322 and part of the York-Hanover, PA MSA, serves well as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a one-bedroom unit in ZIP 17322 for fiscal year 2024 is set at $1280, which exceeds the market rent of $1250 by $30. This positive spread ensures that landlords receive slightly above-market rents, providing a reliable cushion against market fluctuations.
The median home value in Felton is $343,626, indicating a stable housing market where property values have shown consistent growth over time. However, since there is no specific percentage given for the price-cut share or days on market (DOM), these metrics cannot be used to categorize Felton as an appreciation play. Instead, they remain undefined, suggesting that the primary focus should be on the steady cash flow rather than rapid capital appreciation.
With a renter share of 4.2%, Felton has a relatively low proportion of renters compared to homeowners. This statistic suggests that the majority of residents are likely to be long-term, stable tenants, further reinforcing the cash-flow anchor role. Additionally, the median income of $103,152 provides insight into the financial stability of the area's residents, ensuring that there is a robust demand for rental properties among those who qualify for Section 8 assistance.
In summary, ZIP 17322 stands out as a cash-flow anchor due to its favorable spread between the FMR and market rent, stable median home values, and the financial health of its residents. Landlords can expect a dependable source of rental income with minimal risk of vacancy or non-payment, making it a solid choice for those seeking to balance their investment portfolios with secure, long-term assets.
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.