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PA/Franklin County/Waynesboro

Waynesboro, PA

CitySAFMR
Franklin County
Found 1 ZIP

City Median Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$950$1,050
1 BR$1,110$1,030
2 BR$1,370$1,200
3 BR$1,830$1,660
4 BR$1,960$1,860
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$116,403

Cost breakdown

+Likely effective rent$1,200
HUD FMR$1,370
Market rentUsed$1,200
Est. payment standard (92%)$1,260
-Principal and interest-$589
Loan amount$93,122
Down payment$23,281
Rate6.50%
Term30 years
-Operating costs-$411
Property taxes-$116
Insurance-$175
Utilities$0
HOA$0
Management-$120
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,487(83.7% ROI)
Projected value
$125,353
Return breakdown
Property appreciation+$8,950
Loan principal paid down+$3,336
Rental cash flow+$7,200
5-year hold
+$33,246(142.8% ROI)
Projected value
$131,699
Return breakdown
Property appreciation+$15,296
Loan principal paid down+$5,950
Rental cash flow+$12,000
10-year hold
+$70,780(304.0% ROI)
Projected value
$149,006
Return breakdown
Property appreciation+$32,603
Loan principal paid down+$14,177
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
1.08
2 BR
1.14
3 BR
1.10
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Waynesboro, PA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waynesboro, PA is $1,370 a month. That is down 4.2% from $1,430 in FY 2026. Waynesboro is in the Chambersburg, PA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,325. The median county two-bedroom FMR in Pennsylvania is $1,136, so Waynesboro is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Waynesboro, PA
BedroomsFY 2027Change90–110% range
Studio$950−9.5%$855–$1,045
1BR$1,110−4.3%$999–$1,221
2BR$1,370−4.2%$1,233–$1,507
3BR$1,830−3.2%$1,647–$2,013
4BR$1,960−4.9%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Waynesboro, PA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,110$1,370$1,830$1,960
FY 2026$1,050$1,160$1,430$1,890$2,060
FY 2025$980$1,020$1,240$1,650$1,870
FY 2024$950$960$1,200$1,600$1,790
FY 2023$820$820$1,050$1,420$1,540

Questions about Waynesboro, PA rents

How much will Section 8 pay for a two-bedroom in Waynesboro, PA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,325, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,193 to $1,458 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Waynesboro, PA in?

Waynesboro, PA is in the Chambersburg, PA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,325.

How much did fair market rent change in Waynesboro, PA for FY 2027?

The two-bedroom FMR fell 4.2%, from $1,430 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 30.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set