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 | $960 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,740 | $390,283 | 0.45% | F |
| 4BR | $1,850 | $526,311 | 0.35% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 17329 stands at $121,309. However, the market rate for rent is listed as N/A, which makes it challenging to assess the overall affordability of housing in this area. When comparing the voucher payment standard of $1250 per month for Fiscal Year 2024 to the median income, it becomes evident that the voucher amount is significantly lower than what would be expected based on the income levels alone.
The low percentage of renters—only 1.1%—in a population of 2,999 suggests that homeownership is prevalent in this ZIP code. This could indicate a smaller pool of potential tenants who rely on vouchers, thereby reducing competition for landlords who choose to accept them. Nevertheless, the scarcity of renters also means that the demand for rental properties is limited, which could impact the number of available cash-paying tenants.
The affordability gap, represented by the difference between the median income and the voucher payment standard, highlights the disparity between what households can potentially afford and what the government subsidizes through housing vouchers. In ZIP code 17329, this gap is substantial, meaning that even though median incomes are high, the voucher amount remains fixed at $1250.
For landlords considering whether to accept vouchers or focus on cash-paying tenants, the key takeaway is that while there may be fewer voucher holders due to the higher median income, the limited rental market suggests that both strategies should be considered. Accepting vouchers can provide a steady stream of income, albeit at a lower rate, while targeting cash-paying tenants might offer higher returns but with increased competition and a smaller pool of potential renters.
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.