Section 8 Fair Market Rent (FMR) for ZIP 17358 - 2027
Location: York-Hanover, PA | Metro: York-Hanover, PA MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $950 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
The ZIP code 17358 in Pennsylvania presents several considerations for landlords and small-portfolio investors. Let's address the common concerns raised by skeptical investors.
- Will FMR $1200 (zip FY 2024) cover the mortgage on a home?: The median home value for ZIP 17358 has not been explicitly stated in the most recent data. However, understanding the typical mortgage costs relative to the FMR is crucial. Without specific figures on home values, it's challenging to definitively state whether the FMR will cover the mortgage payments. It's advisable to consult local real estate agents or financial advisors for precise estimates on mortgage costs.
- Is there enough renter demand at N/A%?: The rental vacancy rate for ZIP 17358 is also not directly provided. Based on the search, there are limited rental listings available, suggesting a potential niche market. The lack of detailed vacancy rates makes it difficult to gauge the exact level of demand. However, the presence of rental properties indicates some interest from tenants. Further investigation into local demographics and employment trends would provide a clearer picture of the demand.
- Will vouchers keep pace with market rents?: According to HUD data, the average voucher payment in ZIP 17358 for FY 2024 has not been specified. This absence of information means that we cannot conclusively determine if voucher payments will align with market rents. Investors should monitor local HUD updates and consider the broader regional trends to anticipate how voucher payments might evolve relative to market conditions.
While the data does not fully resolve all questions, it highlights the importance of thorough local research and staying informed about regional economic indicators. For a comprehensive analysis, investors must seek out more detailed local data.
Data Sources: FMR data from HUD (2027).
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.