Location: Lancaster, PA | Metro: Lancaster, PA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,190 | $416,574 | 0.53% | F |
| 4BR | $2,260 | $577,680 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 17535 is situated in a suburban neighborhood characterized by a relatively small population of 3,042 residents. With 30.1% of the households being renters, it suggests a community where a significant portion of the population relies on rental housing. The area boasts a high median income of $108,774, indicating a financially stable demographic. The median home value in this ZIP code stands at $502,018, reflecting a market where homes are valued considerably.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP 17535 in fiscal year 2024 is set at $1,530. This figure closely aligns with the reported market rent of $1,527, based on recent Census American Community Survey (ACS) data. Such a parity between FMR and market rent points towards a balanced and predictable rental environment for landlords and investors.
Given these economic indicators, ZIP 17535 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those preferring a hands-off approach, the stability of the local economy and the alignment of FMR with market rents provide a solid foundation for consistent returns without the need for active management. Conversely, for investors looking to actively manage their properties and potentially increase their value through improvements, the area's strong financial underpinnings and rental demand offer opportunities for growth and profit. The combination of a robust local economy and a sizeable renter base makes ZIP 17535 an attractive investment location for both strategies.
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.