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 | $1,180 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,020 | $373,869 | 0.54% | F |
| 4BR | $2,090 | $523,300 | 0.4% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 17582 presents a nuanced landscape for landlords and small-portfolio investors. With a median home value of $392,580, the area reflects a stable housing market, but the lack of percentage of listings being reduced and the median days on market (DOM) indicate a balanced state between buyer and seller power. This suggests that neither side has a significant advantage, implying that pricing power will remain relatively consistent over the next 12-24 months.
On the rental side, the Federal Market Rent (FMR) for ZIP code 17582 is set at $1,300 for fiscal year 2024, whereas the current market rent stands at $1,425. This gap indicates a potential for downward pressure on rents as the government adjusts its FMR to better reflect the actual market conditions. Landlords should be prepared to adjust their rental rates to remain competitive, especially if they are renting to tenants who receive subsidies.
For long-term investors, the setup implies a moderate appreciation thesis. The stable home values and the slight premium in market rents suggest that while there may not be explosive growth, steady appreciation is likely. Investors should focus on maintaining properties and ensuring they align with the local rental market trends to maximize returns. Additionally, keeping an eye on any changes in the local economy or infrastructure projects could provide opportunities for enhanced investment strategies.
A balanced market with stable home values and a slight adjustment needed in rental pricing means that investors in ZIP 17582 can expect a predictable environment. The key will be adapting to the changing rental dynamics and leveraging property maintenance to retain and attract tenants effectively.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.