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 | $930 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $245,901 | 0.53% | F |
| 3BR | $1,720 | $326,490 | 0.53% | F |
| 4BR | $1,810 | $456,076 | 0.4% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 17361, located in Shrewsbury, PA, hinges on an analysis of its rental yield potential and market stability. On the yield axis, the Fair Market Rent (FMR) for ZIP 17361 in fiscal year 2024 is set at $1,110, while the median market rent stands at $1,010. This indicates that properties in this area can command rents slightly above the market average, suggesting a modest yield advantage. However, when considering the median home value of $352,098, the yield is relatively low compared to the asset cost.
Moving to the stability axis, the ZIP code has a rental rate penetration of 17.5%, which is below the typical threshold for high-renter occupancy areas. This lower figure implies a less stable demand for rentals. Additionally, the median household income is $104,958, which provides some insight into the economic conditions but does not directly correlate to rental stability. The absence of data on the number of days on market (DOM) further complicates the assessment of stability.
Given these figures, ZIP 17361 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. While the FMR suggests a slight edge in rental pricing, the relatively high home values and lower renter penetration rates indicate that the area is not conducive to quick flips or speculative investments aimed at maximizing short-term gains. Instead, the data points to a scenario where long-term, consistent cash flow is more likely, assuming a landlord can maintain a steady occupancy rate.
To summarize, with a fair market rent of $1,110, a market rent of $1,010, and a median home value of $352,098, combined with a renter penetration of 17.5% and median household income of $104,958, ZIP 17361 represents a balanced investment opportunity, favoring steady cash flow over high yield. This classification is driven by the modest differential between FMR and market rent, alongside the limited availability of information regarding the volatility of the rental market in the area.
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.