Location: York-Hanover, PA | Metro: York-Hanover, PA MSA
| 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 market analysis for Section 8 investors in ZIP code 17405 reveals that the HUD Fair Market Rent (FMR) for FY 2024 stands at $1200. This figure serves as a critical benchmark for landlords and small-portfolio investors considering voucher tenants. However, the absence of current market rent data for this area makes direct comparison challenging. Despite this gap, we can infer that properties renting at or below the FMR will likely provide positive cash flow for Section 8 tenants, assuming the landlord's expenses are managed effectively.
To further analyze the investment potential, the median home value in ZIP 17405 is also not available, which means deriving an accurate rent-to-price ratio is impossible. The lack of this information hinders a comprehensive evaluation of the rent versus buy dynamics in the area. Nonetheless, it's important to note that the stability of Section 8 tenants can be a significant advantage for investors, as these tenants typically have a consistent income stream through their vouchers.
The Days on Market (DOM) and the percentage of homes that experience price cuts are also not provided, but they would be relevant metrics if we were to assess the broader real estate market's health. These factors could influence the decision-making process for investors looking to balance between cash flow and property appreciation.
In conclusion, given the HUD FMR of $1200, investors can expect positive cash flow when renting units at or below this rate to voucher tenants. The strongest angle for investors in ZIP 17405 remains the stability offered by Section 8 tenants, ensuring a steady and reliable rental income stream.
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.