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Cumberland County/Carlisle/17015

17015

ZIPSAFMR
Cumberland County, PA
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,150$1,150
1 BR$1,270$1,320
2 BR$1,580$1,330
3 BR$2,030$1,630
4 BR$2,080$2,240
5 BR$2,392Not available
6 BR$2,751Not available
7 BR$3,163Not available
8 BR$3,638Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,580
Market rentUsed$1,330
Est. payment standard (90%)$1,420
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
0.95
2 BR
1.19
3 BR
1.25
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 17015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17015 (Carlisle, PA) is $1,580 a month. That is up 6.0% from $1,490 in FY 2026. Carlisle is in the Harrisburg-Carlisle, PA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 25 ZIP codes in Cumberland County, 17015 is tied for the 9th-highest two-bedroom rent (county range $1,050–$1,980). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 17015 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 17015
BedroomsFY 2027Change90–110% range
Studio$1,150+8.5%$1,035–$1,265
1BR$1,270+5.0%$1,143–$1,397
2BR$1,580+6.0%$1,422–$1,738
3BR$2,030+5.7%$1,827–$2,233
4BR$2,080+5.6%$1,872–$2,288

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 17015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,270$1,580$2,030$2,080
FY 2026$1,060$1,210$1,490$1,920$1,970
FY 2025$970$1,140$1,400$1,800$1,860
FY 2024$900$1,050$1,310$1,680$1,740
FY 2023$860$980$1,240$1,590$1,670

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 17015
17001$1,630+3.2%
17007$1,400−11.4%
17011$1,710+8.2%
17013$1,470−7.0%
17015Current$1,580—
17019$1,220−22.8%
17025$1,540−2.5%
17027$1,590+0.6%
17043$1,340−15.2%
17050$1,980+25.3%
17053$1,250−20.9%
17055$1,790+13.3%

Questions about ZIP 17015 rents

How much will Section 8 pay for a two-bedroom in ZIP 17015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 a month. 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 ZIP 17015 in?

ZIP 17015 is in the Harrisburg-Carlisle, PA MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 17015 for FY 2027?

The two-bedroom FMR rose 6.0%, from $1,490 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 27.4%.

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

County fair market rentCarlisle, PA fair market rentPA statewide rentsWhat is SAFMR?Data sources