Location: Lancaster, PA | Metro: Lancaster, PA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
The ZIP code 17608 in Lancaster, PA, is positioned as a steady-cashflow zone for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1330 for the ZIP code, which is a key figure for Section 8 Housing Choice Vouchers. However, specific market rent and home value figures are not currently available.
On the stability axis, while precise percentages of renters and days on market (DOM) are unavailable, the lack of volatility in the FMR indicates relative consistency in rental demand. Income levels also remain unspecified, but the availability of Section 8 vouchers suggests a need for affordable housing options, which can provide a stable tenant base.
The absence of specific market data makes it challenging to classify 17608 as a high-yield or low-stability market. Given the reliance on FMR data and the typical characteristics of such areas, it leans towards being a steady-cashflow zone rather than a high-risk, high-reward environment. Landlords can expect consistent rental income without significant fluctuations in occupancy rates or rent prices.
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.