Location: York-Hanover, PA | Metro: York-Hanover, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 17364 in Thomasville, PA, for fiscal year 2024 is set at $1240. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. It's important to note that this is not the actual rent you will receive; it is the payment standard used by the Housing Choice Voucher Program to determine the subsidy amount.
In comparison, the average rent for the area, based on Census ACS data, is $777. This means that the FMR for Section 8 is significantly higher than the typical market rent, potentially offering a better financial outcome for landlords willing to participate in the program. The difference between the FMR and the average rent indicates that there is a substantial gap in housing affordability, which translates into high demand for affordable housing options.
With 17.3% of the population being renters, there is a notable demand for rental properties in Thomasville. This statistic suggests that a portion of your potential tenants are likely to be seeking assistance through programs such as Section 8. To put this into perspective, if you're looking to acquire a property in this area, the median home value is around $333,753. This is the price point you should expect when purchasing a home for a Section 8 rental, although individual property values can vary widely depending on condition and location.
Before proceeding with a Section 8 rental in Thomasville, it is crucial to verify that the property meets all the necessary requirements set by the Housing Authority. This includes ensuring that the property passes a thorough inspection to meet health and safety standards. Once these conditions are met, the FMR of $1240 provides a clear benchmark for setting your rent, making it easier to manage expectations and ensure compliance with the program.
Data Sources: FMR data from HUD (2027). 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.