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 | $910 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $212,024 | 0.6% | F |
| 3BR | $1,680 | $274,907 | 0.61% | D |
| 4BR | $1,770 | $425,964 | 0.42% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 17345, Manchester, PA, reveals a favorable environment for cash flow generation. The HUD Fair Market Rent (FMR) for the area is set at $1170 for fiscal year 2024. This figure stands above the reported market rent of $1,099, based on the latest Census American Community Survey (ACS) data. Consequently, voucher tenants in this region will provide positive cash flow at the HUD FMR rate, indicating that landlords can expect to cover their expenses and generate profit without relying on premium units.
To further evaluate the investment potential, consider the median home value of $279,092. By calculating the rent-to-price ratio, we find that it is approximately 0.42%. This ratio suggests that rental income constitutes a small but significant portion of the property's total value, making it a stable investment choice. However, the lack of available data on the median days on market (DOM) and the percentage of price cuts indicates that traditional measures of rent versus buy dynamics do not significantly impact this analysis.
The strongest angle for investors in ZIP 17345 is cash flow. Given that the HUD FMR exceeds the market rent, landlords can confidently lease properties to voucher holders and achieve financial stability while generating profit. This makes Manchester, PA, an attractive location for Section 8 investments, particularly for those prioritizing consistent returns over speculative growth opportunities.
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.