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Franklin County/Mercersburg/17236

17236

ZIPSAFMR
Franklin County, PA
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$930$930
1 BR$1,070$1,070
2 BR$1,330$1,330
3 BR$1,770$1,370
4 BR$1,910$1,440
5 BR$2,197Not available
6 BR$2,526Not available
7 BR$2,905Not available
8 BR$3,341Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMRUsed$1,330
Market rentN/A
Est. payment standardN/A
-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

3 BR
1.29
4 BR
1.33
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 17236 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17236 (Mercersburg, PA) is $1,330 a month. That is unchanged from FY 2026. Mercersburg 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. Among 34 ZIP codes in Franklin County, 17236 is tied for the 14th-highest two-bedroom rent (county range $1,230–$1,720). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 17236 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 17236
BedroomsFY 2027Change90–110% range
Studio$930−5.1%$837–$1,023
1BR$1,070−0.9%$963–$1,177
2BR$1,3300.0%$1,197–$1,463
3BR$1,770+1.1%$1,593–$1,947
4BR$1,910−0.5%$1,719–$2,101

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 17236
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,070$1,330$1,770$1,910
FY 2026$980$1,080$1,330$1,750$1,920
FY 2025$930$960$1,170$1,560$1,770
FY 2024$900$900$1,130$1,500$1,690
FY 2023$780$790$1,010$1,370$1,480

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 17236
17224$1,380+3.8%
17225$1,250−6.0%
17231$1,3300.0%
17232$1,350+1.5%
17233$1,250−6.0%
17235$1,390+4.5%
17236Current$1,330—
17237$1,540+15.8%
17240$1,720+29.3%
17244$1,250−6.0%
17246$1,250−6.0%
17247$1,650+24.1%

Questions about ZIP 17236 rents

How much will Section 8 pay for a two-bedroom in ZIP 17236?

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 $1,330 it would be $1,197 to $1,463. 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 17236 in?

ZIP 17236 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 ZIP 17236 for FY 2027?

The two-bedroom FMR was unchanged at $1,330 in FY 2027. Since FY 2023 it has risen 31.7%.

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