Real Estate Investing in Hershey, Pennsylvania (17033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17033 (Hershey, PA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Hershey, PA (17033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 17033 Hershey
Investors eyeing 17033 need to respect the fundamentals at play. Home values of $414K come alongside slower price movement and elevated management overhead.
The investment case in 17033 is impressive only for operators who understand what they are buying. A $414K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 17033 and stronger Hershey ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 45% in 17033 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 17033 is an operator game, not a passive one. Turning to rents, entry prices of $414K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hershey:
Property Strategy for 17033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $305,128 | $1,610 | 3.8% | +8.2% | $152,564 |
| 3BR | $352,051 | $2,070 | 4.2% | +7.7% | $117,350 |
| 4BR | $501,760 | $2,130 | 3.1% | +8.3% | $125,440 |
| 5BR | $605,810 | — | — | +8.2% | $121,162 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17033 Compare?
| Metric | 17033 | Hershey | Harrisburg-Carlisle, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $413,685 | $413,685 | N/A | $278,018 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.3% |
| Avg Rent | $1,753 | $1,753 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 17033 (Hershey, 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 | $413,685 |
| Monthly Rent | $1,753 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 17033
Population: 17,009
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 17033
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Forge Road El Sch
Pine Street El Sch
Northside El Sch
Palmyra Area MS
Lingle Avenue El Sch
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
How much does a house cost in Hershey, PA?
In Hershey, PA the median home value sits at $414K. Against the broader PA market, that reads as reasonable for most investors.
How strong are rents in Hershey, PA?
Investors in Hershey, PA typically see rents near $1,753/mo per month against $414K home values - a solid setup for rental cash flow.
What is the rental occupancy rate in Hershey, PA?
Hershey, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Hershey, PA good for landlords?
For rental operators, Hershey, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Hershey, PA?
Hershey, PA draws a reliable base of working renters. Demand at the $1,753/mo rent level is reasonable for standard single-family and small multi rentals.
You know 17033 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 17033 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 17033 ranks in Harrisburg-Carlisle, PA
Every ZIP in this metro, ranked. Free.
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