Section 8 Fair Market Rent (FMR) for ZIP 17407 - 2027

Location: York-Hanover, PA | Metro: York-Hanover, PA MSA

Investment Score for ZIP 17407

N/A

Monthly Rent (2BR)

$1,990

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,430
1 Bedroom	$1,560
2 Bedrooms	$1,990
3 Bedrooms	$2,630
4 Bedrooms	$2,770
5 Bedrooms	$3,213
6 Bedrooms	$3,599
7 Bedrooms	$3,887
8 Bedrooms	$4,081

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,630	$308,557	0.85%	C
4BR	$2,770	$403,134	0.69%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,673

Median Household Income

$122,625

Housing Units

941

Renter Percentage

18.6%

Occupancy Rate

97.0%

Renter Occupied

170

Located in the heart of Connecticut, ZIP code 17407 offers a blend of suburban charm and proximity to urban amenities, making it an attractive location for both homeowners and renters. The area is characterized by its well-maintained housing stock and a diverse mix of rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 17407 for fiscal year 2024 is set at $1,600.
The average market rent for properties in this ZIP code, according to the latest Census American Community Survey (ACS), is $2,018 per month.
The median home value in ZIP 17407 stands at $325,439, indicating a moderately priced residential market.
Renters make up 18.6% of the population in this ZIP code, suggesting a significant but not overwhelming demand for rental properties.
The median household income in ZIP 17407 is $122,625, which is higher than the national average and signals strong financial stability among residents.

The data points indicate that ZIP 17407 presents a balanced opportunity for landlords and small-portfolio investors. With the market rent exceeding the FMR, there is potential for higher returns on investment. However, the relatively low renter share suggests competition for tenants could be stiff. Investors should focus on maintaining competitive rents and offering desirable amenities to attract and retain residents. The high median income supports the ability of residents to pay rent, reducing the risk of delinquency. Overall, the area is ripe for investment in rental properties, particularly those that can offer above-average amenities without significantly exceeding the market rent.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.