FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR
0.84ratio
FMR$1,080
Market$1,280
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.89ratio
FMR$1,330
Market$1,490
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
1.07ratio
FMR$1,780
Market$1,660
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR
1.10ratio
FMR$1,910
Market$1,740
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.10
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 17256 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 17256 (Shady Grove, PA) is $1,330 a month. That is down 3.6% from $1,380 in FY 2026. Shady Grove 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, 17256 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 17256 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 17256
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$930
−7.9%
$837–$1,023
1BR
$1,120
$1,080
−3.6%
$972–$1,188
2BR
$1,380
$1,330
−3.6%
$1,197–$1,463
3BR
$1,830
$1,780
−2.7%
$1,602–$1,958
4BR
$1,990
$1,910
−4.0%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 17256
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$1,080
$1,330
$1,780
$1,910
FY 2026
$1,010
$1,120
$1,380
$1,830
$1,990
FY 2025
$940
$980
$1,190
$1,590
$1,800
FY 2024
$910
$920
$1,150
$1,530
$1,720
FY 2023
$890
$900
$1,150
$1,560
$1,690
Two-bedroom rent in nearby Franklin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 17256?
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 17256 in?
ZIP 17256 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 17256 for FY 2027?
The two-bedroom FMR fell 3.6%, from $1,380 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 15.7%.
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