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Cumberland County/Mechanicsburg/17055

17055

ZIPSAFMR
Cumberland County, PA
Zillow

ZIP Investment Score

97Above average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,260
1 BR$1,440$1,260
2 BR$1,790$1,370
3 BR$2,310$2,030
4 BR$2,360$2,370
5 BR$2,714Not available
6 BR$3,121Not available
7 BR$3,589Not available
8 BR$4,128Not available

Purchase Price Calculator

Maximum purchase price
$141,665

Cost breakdown

+Likely effective rent$1,370
HUD FMR$1,790
Market rentUsed$1,370
Est. payment standard (90%)$1,610
-Principal and interest-$716
Loan amount$113,332
Down payment$28,333
Rate6.50%
Term30 years
-Operating costs-$454
Property taxes-$142
Insurance-$175
Utilities$0
HOA$0
Management-$137
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,153(78.2% ROI)
Projected value
$152,558
Return breakdown
Property appreciation+$10,893
Loan principal paid down+$4,060
Rental cash flow+$7,200
5-year hold
+$37,857(133.6% ROI)
Projected value
$160,281
Return breakdown
Property appreciation+$18,616
Loan principal paid down+$7,241
Rental cash flow+$12,000
10-year hold
+$80,932(285.6% ROI)
Projected value
$181,343
Return breakdown
Property appreciation+$39,678
Loan principal paid down+$17,254
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.14
2 BR
1.31
3 BR
1.14
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 17055 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17055 (Mechanicsburg, PA) is $1,790 a month. That is up 7.2% from $1,670 in FY 2026. Mechanicsburg 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, 17055 has the 2nd-highest two-bedroom rent (county range $1,050–$1,980). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 17055 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 17055
BedroomsFY 2027Change90–110% range
Studio$1,310+11.0%$1,179–$1,441
1BR$1,440+6.7%$1,296–$1,584
2BR$1,790+7.2%$1,611–$1,969
3BR$2,310+7.9%$2,079–$2,541
4BR$2,360+6.8%$2,124–$2,596

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 17055
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,440$1,790$2,310$2,360
FY 2026$1,180$1,350$1,670$2,140$2,210
FY 2025$1,080$1,260$1,550$1,990$2,060
FY 2024$980$1,140$1,420$1,820$1,890
FY 2023$970$1,110$1,400$1,790$1,880

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 17055
17025$1,540−14.0%
17027$1,590−11.2%
17043$1,340−25.1%
17050$1,980+10.6%
17053$1,250−30.2%
17055Current$1,790—
17065$1,290−27.9%
17070$1,260−29.6%
17072$1,630−8.9%
17081$1,580−11.7%
17089$1,630−8.9%
17090$1,140−36.3%

Questions about ZIP 17055 rents

How much will Section 8 pay for a two-bedroom in ZIP 17055?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,790, that basic range is $1,611 to $1,969 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 17055 in?

ZIP 17055 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 17055 for FY 2027?

The two-bedroom FMR rose 7.2%, from $1,670 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 27.9%.

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