Location: Lancaster, PA | Metro: Lancaster, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The classification of ZIP code 17504 based on yield and stability reveals a unique market scenario. With a Fair Market Rent (FMR) of $1330 for fiscal year 2024, there is a clear indication that rental income is guaranteed at this level. However, the lack of data for market rents and home values suggests an underdeveloped area for investment outside of the Section 8 program.
The stability axis is largely driven by the 0.0% figure of renters, which implies that the majority of residents in ZIP 17504 are not renting through traditional markets but rather through government assistance programs. This points to a higher level of income predictability and consistency among tenants, given the fixed-income nature of Section 8 participants. The median household income of $88,542 is also noteworthy, indicating a relatively stable economic base despite the focus on subsidized housing.
The absence of days on market (DOM) data complicates a full analysis of property turnover speed and demand, but it does not detract from the overall assessment of stability. Given the reliance on FMR and the income level, ZIP 17504 leans towards a steady-cashflow zone for landlords and small-portfolio investors who are willing to participate in the Section 8 program. The guaranteed rent amount provides consistent cash flow, while the income stability of the residents ensures a lower risk of default.
Investors looking for high-yield opportunities through flipping properties would find limited potential in ZIP 17504 due to the lack of data on home values and market rents. Instead, this area is best suited for those seeking reliable, long-term rental income without the volatility associated with non-subsidized markets. The combination of these factors makes ZIP 17504 a solid choice for steady cash flow, supported by the known figures of $1330 FMR and $88,542 median household income.
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.