Location: Gettysburg, PA | Metro: Gettysburg, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
The analysis of ZIP code 17375, located within the Gettysburg, PA MSA, reveals several key points for potential real-estate investors interested in Section 8 properties.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 17375 in fiscal year 2024 is set at $1230. However, the lack of specific market rent data makes it difficult to directly compare these figures. Landlords should proceed with caution and consider local trends and property values when assessing profitability.
The second point concerns the affordability of acquiring properties in this area. With no specific median home value provided, it's challenging to gauge the typical cost of homes. Additionally, the absence of data on days on market (DOM) and the percentage of price cuts indicates that there isn't enough information to determine if the buying environment is favorable for investors seeking affordable entry points.
The third aspect involves evaluating tenant demand. The ZIP code has a population of N/A, and the percentage of renters is also not specified. Without these numbers, it's impossible to accurately assess the size of the potential rental market and the likelihood of finding tenants.
In conclusion, while the Fair Market Rent for Section 8 properties in ZIP 17375 is clearly defined at $1230, the absence of crucial data points such as market rent, median home value, days on market, price cut percentages, and the exact population and renter share means that a comprehensive investment decision cannot be made based solely on this information. Investors must seek out additional local data to make informed decisions regarding the feasibility of investing in this ZIP code.
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.