Real Estate Investing in Elizabethville, Pennsylvania (17023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17023 (Elizabethville, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elizabethville, PA (17023)?
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Market Analysis: 17023 Elizabethville
From an investor standpoint, ZIP 17023 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $249K median. It rewards specialists, not generalists.
Rent of $936/mo on a $249K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 17023 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 17023 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 17023 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Elizabethville:
Property Strategy for 17023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,370 | $1,040 | 3.9% | +8.5% | $96,185 |
| 3BR | $239,015 | $1,340 | 4.0% | +8.2% | $79,672 |
| 4BR | $289,961 | $1,380 | 3.4% | +7.9% | $72,490 |
Market Trends
Home Value History (with trend line)
📊 How Does 17023 Compare?
| Metric | 17023 | Elizabethville | Harrisburg-Carlisle, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $249,001 | $249,001 | N/A | $278,018 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.3% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17023 (Elizabethville, PA). Anonymous, moderated, never written by AI.
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Property managers serving Dauphin County
Manage rentals here? List your business →Harrisburg Property Management Group. summary from their website
Midtown Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $249,001 |
| Monthly Rent | $936 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 17023
Population: 3,681
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 17023
Schools in This ZIP Code
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Can owner-occupants cash flow in Elizabethville, PA?
Elizabethville, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $249K price point reasonable to enter.
What is the typical vacancy rate in Elizabethville, PA?
Elizabethville, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much does a house cost in Elizabethville, PA?
In Elizabethville, PA the median home value sits at $249K. Against the broader PA market, that reads as reasonable for most investors.
How do landlord-tenant laws work in Elizabethville, PA?
PA law landlord-friendly for landlords, and Elizabethville inherits those rules. Investors should still review local ordinances for rental licensing.
Does Elizabethville, PA make sense for an investment property?
The 3.0/5 investability rating in Elizabethville, PA reflects its $249K prices and $936/mo rents. Investors generally consider it a solid option within PA.
You know 17023 now. You don’t know where it ranks.
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How 17023 ranks in Harrisburg-Carlisle, PA
Every ZIP in this metro, ranked. Free.
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