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 | $1,080 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $224,745 | 0.67% | D |
| 3BR | $1,990 | $304,110 | 0.65% | D |
| 4BR | $2,090 | $368,646 | 0.57% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 17347 (Mount Wolf, PA, York-Hanover, PA MSA metro) does not favor landlords. The Fair Market Rent (FMR) set at $1430 for fiscal year 2024 exceeds the current market rent of $1,220 based on Census ACS data. This discrepancy means that landlords may struggle to find tenants willing to pay the higher subsidized rate.
Acquisition in this area is relatively affordable, with a median home value of $321,080. However, the lack of data on days on market (DOM) and the percentage of homes requiring price cuts indicates limited insight into the speed and ease of property sales. This ambiguity could pose challenges for quick turnover or rapid investment growth.
Tenant demand is low in Mount Wolf. With a total population of 6,393 and only 8.0% of residents being renters, there is a slim pool of potential tenants. This low demand suggests that landlords might face difficulties in filling units and maintaining occupancy rates.
Verdict: ZIP 17347 presents unfavorable conditions for landlords and small-portfolio investors. The rent math does not align with market realities, making it challenging to attract tenants. Acquisition is affordable but lacks clarity on market dynamics. Additionally, the low tenant demand poses a significant risk to maintaining a stable rental income. These factors collectively suggest that this area may not be an optimal choice for real estate investments focused on rental returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.