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MarketsMarket MapHarrisburg, PA
Metropolitan Area

Harrisburg, PA

Pennsylvania0
62
/100
Buy
#453 of 894 metros
Top 51% nationally for investing

Market Snapshot

$312,126
Median Home Price
23% above national median
$1,487/mo
Median Rent
7% above national median
5.72%
Rent-to-Price Ratio
Top 54% nationally
-$670
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$312,126
Down Payment (20%)$62,425
Loan Amount$249,701
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,487
Monthly P&I-$1,636
Est. Expenses (35%)-$520
Net Cash Flow-$670/mo
3.7%
Cap Rate (all cash)
-11.2%
Cash-on-Cash Return
5.72%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
62/100
62
Cash Flow(30%)
56/100

Based on 5.72% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
82/100

Based on 4.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
63/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$670/mo)
  • -Negative leverage (cap rate 3.7% < mortgage rate 6.9%)

Counties in Harrisburg, PA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Ogdensburg, NY
Ogdensburg, NY
82$144,973$1,1699.67%Strong BuyView
Centralia, IL
Centralia, IL
82$123,413Est.Strong BuyView
McAlester, OK
McAlester, OK
82$151,079$1,1909.45%Strong BuyView
Snyder, TX
Snyder, TX
82$150,206$1,30010.39%Strong BuyView
Abilene, TX
Abilene, TX
82$217,009$1,82710.10%Strong BuyView
Current
Harrisburg, PA
62$312,126$1,4875.72%Buy

Rent vs buy in this metro

Rent vs buy in Harrisburg, PAMedian $269,643 · rent $1,341/mo

The Bottom Line

BuyHarrisburg, PA offers solid investment potential with good cash flow or appreciation prospects.

The Harrisburg, PA metro area scores 62/100, ranking #453 of 894 US metros (top 51%). The 5.72% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-670/mo
Cap Rate
3.7%
Cash-on-Cash
-12.9%

Ready to Invest in Harrisburg, PA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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