Real Estate Investing in Elizabethtown, Pennsylvania (17022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17022 (Elizabethtown, 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.
No major risk flags on the data we track.
What’s happening in Elizabethtown, PA (17022)?
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Market Analysis: 17022 Elizabethtown
Investors eyeing 17022 need to respect the fundamentals at play. Home values of $369K come alongside slower price movement and elevated management overhead.
The 17022 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 17022 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 17022 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 17022 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Elizabethtown:
Property Strategy for 17022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $265,774 | $1,500 | 4.1% | +8.0% | $132,887 |
| 3BR | $325,838 | $1,940 | 4.3% | +7.6% | $108,613 |
| 4BR | $470,953 | $1,980 | 3.0% | +7.6% | $117,738 |
| 5BR | $565,312 | — | — | +8.2% | $113,062 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17022 Compare?
| Metric | 17022 | Elizabethtown | Lancaster, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $368,532 | $368,532 | N/A | $278,018 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.3% |
| Avg Rent | $1,402 | $1,402 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 17022 (Elizabethtown, PA). Anonymous, moderated, never written by AI.
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Property managers serving Lancaster County
Manage rentals here? List your business →Susquehanna Realty Management is Central Pennsylvania's residential property management specialist since 2005, offering leasing and association management services. summary from their website
American Heritage Property Management. summary from their website
Compass Property Management LLC provides full-service property management in Lancaster, Chester, and Berks County, Pennsylvania, for owners and renters. 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 | $368,532 |
| Monthly Rent | $1,402 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 17022
Population: 32,066
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 17022
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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
Investor Insight: With 669 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Elizabethtown, PA?
In Elizabethtown, PA the median home value sits at $369K. Against the broader PA market, that reads as reasonable for most investors.
Are landlord laws favorable in Elizabethtown, PA?
Elizabethtown, PA operates under PA law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How qualified is the tenant pool in Elizabethtown, PA?
The tenant pool in Elizabethtown, PA is solid, supported by local employment and population fundamentals. Rents of $1,402/mo are well-absorbed by the market.
How should investors approach Elizabethtown, PA?
In Elizabethtown, PA the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $369K prices and $1,402/mo rents suits that approach.
Is Elizabethtown, PA a good market for FHA house hackers?
Elizabethtown, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $369K price point reasonable to enter.
You know 17022 now. You don’t know where it ranks.
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How 17022 ranks in Lancaster, PA
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