Section 8 Fair Market Rent (FMR) for ZIP 17983 - 2027

Investment Score for ZIP 17983

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 17983, located in the heart of Lancaster County, Pennsylvania, is characterized by its rural charm and proximity to urban amenities, making it an attractive location for both homeowners and renters. This area benefits from a strong local economy, supported by agriculture, manufacturing, and tourism, which contributes to a steady demand for housing.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,120.
• The market rent for a similar unit, based on Census American Community Survey (ACS) data, stands at $835.
• The median home value in the area is $193,340, reflecting the overall affordability and accessibility of homeownership.
• Renters make up 10.5% of the total housing units, indicating a moderate rental market presence.
• The median income of residents is $72,411, suggesting that the local population has the financial stability to support rental payments and home purchases.
• Note: The Days on Market (DOM) for properties in this ZIP code is currently not available, but this metric would typically indicate how quickly homes are selling in the area.

The data points highlight a balanced market in ZIP 17983, where rental properties can be priced competitively close to the FMR, while still offering a return above the current market rent. The relatively low median home value suggests opportunities for investment in both rental and owner-occupied properties. With a median income that supports the FMR, there is a solid foundation for rental demand. However, the moderate renter share indicates that homeownership remains prevalent, which could affect the scale of potential rental investments. For investors, focusing on properties that align with the FMR can ensure a steady cash flow, given the economic stability of the area.

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.