FMR is near market; voucher and private rents are aligned.
1.10
1 BR
1 BR
1.31ratio
FMR$1,350
Market$1,030
vs market+$320
FMR is above market; underwrite to market rent.
1.31
2 BR
2 BR
1.38ratio
FMR$1,650
Market$1,200
vs market+$450
FMR is above market; underwrite to market rent.
1.38
3 BR
3 BR
1.31ratio
FMR$2,180
Market$1,660
vs market+$520
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR
1.20ratio
FMR$2,380
Market$1,980
vs market+$400
FMR is above market; underwrite to market rent.
1.20
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 17247 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17247 (Quincy, PA) is $1,650 a month. That is down 9.8% from $1,830 in FY 2026. Quincy 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, 17247 has the 2nd-highest two-bedroom rent (county range $1,230–$1,720). The median county two-bedroom FMR in Pennsylvania is $1,136, so ZIP 17247 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 17247
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,350
$1,220
−9.6%
$1,098–$1,342
1BR
$1,490
$1,350
−9.4%
$1,215–$1,485
2BR
$1,830
$1,650
−9.8%
$1,485–$1,815
3BR
$2,420
$2,180
−9.9%
$1,962–$2,398
4BR
$2,640
$2,380
−9.8%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 17247
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,350
$1,650
$2,180
$2,380
FY 2026
$1,350
$1,490
$1,830
$2,420
$2,640
FY 2025
$1,260
$1,300
$1,590
$2,120
$2,400
FY 2024
$950
$960
$1,200
$1,600
$1,790
FY 2023
$820
$820
$1,050
$1,420
$1,540
Two-bedroom rent in nearby Franklin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 17247?
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 $1,650 it would be $1,485 to $1,815. 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 17247 in?
ZIP 17247 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 17247 for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,830 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 57.1%.
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