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Cumberland County/Newburg/17240

17240

ZIPSAFMR
Cumberland County, PA
Zillow

ZIP Investment Score

116Above average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,240
1 BR$1,390$1,390
2 BR$1,720$1,720
3 BR$2,240$2,240
4 BR$2,320$2,320
5 BR$2,668Not available
6 BR$3,068Not available
7 BR$3,528Not available
8 BR$4,058Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMRUsed$1,720
Market rentN/A
Est. payment standardN/A
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 17240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17240 (Newburg, PA) is $1,720 a month. That is up 3.0% from $1,670 in FY 2026. Newburg 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, 17240 has the 3rd-highest two-bedroom rent (county range $1,050–$1,980). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 17240 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 17240
BedroomsFY 2027Change90–110% range
Studio$1,240+4.2%$1,116–$1,364
1BR$1,390+3.0%$1,251–$1,529
2BR$1,720+3.0%$1,548–$1,892
3BR$2,240+3.7%$2,016–$2,464
4BR$2,320+2.2%$2,088–$2,552

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 17240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,390$1,720$2,240$2,320
FY 2026$1,190$1,350$1,670$2,160$2,270
FY 2025$1,040$1,170$1,440$1,870$1,980
FY 2024$940$1,050$1,310$1,700$1,810
FY 2023$850$940$1,190$1,540$1,630

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 17240
17070$1,260−26.7%
17072$1,630−5.2%
17081$1,580−8.1%
17089$1,630−5.2%
17090$1,140−33.7%
17093$1,490−13.4%
17240Current$1,720—
17241$1,350−21.5%
17257$1,390−19.2%
17266$1,270−26.2%
17307$1,050−39.0%
17324$1,140−33.7%

Questions about ZIP 17240 rents

How much will Section 8 pay for a two-bedroom in ZIP 17240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 17240 in?

ZIP 17240 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 17240 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,670 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 44.5%.

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

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