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 | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,280 | $274,901 | 0.47% | F |
| 3BR | $1,690 | $339,493 | 0.5% | F |
| 4BR | $1,780 | $455,517 | 0.39% | F |
U.S. Census Bureau data (2024)
ZIP 17360, located in Seven Valleys, PA, within the York-Hanover, PA MSA metro area, is best suited as an appreciation play in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $1040, significantly lower than the market rent of $1242. This gap indicates that properties in this ZIP code can potentially be rented out at higher rates once they are no longer part of the Section 8 program, thus offering a path to higher rental income in the future.
The median home value in ZIP 17360 stands at $374,081, which is relatively high compared to other areas in Pennsylvania. This suggests that property values in this region have been appreciating and are likely to continue doing so, providing landlords with capital appreciation opportunities. Although specific data on price-cut shares and days on market (DOM) are not available, the high median home value implies strong demand and limited supply, which typically supports property value growth.
The ZIP code's median income of $97,896 is another indicator of economic stability and potential for appreciation. Higher incomes generally correlate with greater spending power, which can drive up both rental and property values over time. Additionally, the 12.7% renter share indicates that the majority of residents prefer homeownership, which aligns with the trend of increasing home values.
In conclusion, ZIP 17360 offers a strategic opportunity for appreciation within a Section 8 portfolio. While it does not serve as a cash-flow anchor due to the spread between FMR and market rent, the potential for future rental rate increases and property value growth makes it a valuable addition to any investor's portfolio looking to capitalize on long-term appreciation trends.
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.