Real Estate Investing in Elliottsburg, Pennsylvania (17024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17024 (Elliottsburg, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elliottsburg, PA (17024)?
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Market Analysis: 17024 Elliottsburg
ZIP 17024 in Elliottsburg, PA carries a impressive set of headwinds. Home values near $362K and rents of $1,206/mo sit inside a market where underwriting has to be tight.
The investment case in 17024 is substantial only for operators who understand what they are buying. A $362K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 17024 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A durable renter share of 11% in 17024 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 17024, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Elliottsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 17024 Compare?
| Metric | 17024 | Elliottsburg | Harrisburg-Carlisle, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $361,743 | $361,743 | N/A | $278,018 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.3% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17024 (Elliottsburg, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $361,743 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.6%). 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 17024
Population: 1,783
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 17024
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.
Frequently Asked Questions
What is the typical renter like in Elliottsburg, PA?
Tenant quality in Elliottsburg, PA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,206/mo.
How strong is Elliottsburg, PA for real estate investors?
Elliottsburg, PA rates 3.0/5 for investability. With median values at $362K and rents near $1,206/mo, the market offers reasonable fundamentals for rental investors.
What strategy should investors use in Elliottsburg, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Elliottsburg, PA. With home values at $362K and rents near $1,206/mo, other strategies can work but produce consistent rather than outsized returns.
Does house hacking make sense in Elliottsburg, PA?
House hacking works a challenging in Elliottsburg, PA. Rents of $1,206/mo against $362K acquisition make the strategy solid for owner-occupants.
Are homes affordable in Elliottsburg, PA?
Elliottsburg, PA median home values land near $362K. That is reasonable territory for investors looking at $1,206/mo-per-month rentals.
You know 17024 now. You don’t know where it ranks.
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How 17024 ranks in Harrisburg-Carlisle, PA
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