Location: Gettysburg, PA | Metro: Gettysburg, 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 | $1,160 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $232,914 | 0.64% | D |
| 3BR | $2,030 | $292,633 | 0.69% | D |
| 4BR | $2,170 | $417,029 | 0.52% | F |
| 5BR | $2,517 | $453,418 | 0.56% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17350, New Oxford, PA, is set at $1380 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a federal housing assistance program. It's important to note that this is the payment standard, not the actual rent you would receive; your rent will be based on the market value of your property, but cannot exceed this limit.
To put this into perspective, the average rent for a two-bedroom apartment in New Oxford, PA, as reported by the U.S. Census Bureau's American Community Survey (ACS), is $1,282. This means that the FMR is slightly higher than the typical market rate, providing a cushion for landlords who participate in the Section 8 program.
With a 25.6% share of renters in the area, there is a steady demand for affordable housing options. The Section 8 program can help you fill vacancies and ensure consistent tenant payments. However, the acquisition cost for properties in this area is around $297,785, so it's crucial to evaluate whether the potential rental income aligns with your investment goals.
Before deciding to take on a Section 8 rental property, verify that the condition of your property meets the Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) to ensure that all rental units are safe, decent, and sanitary. A property inspection can confirm compliance and prevent delays in the approval process.
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.