Real Estate Investing in Mount Gretna, Pennsylvania (17064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17064 (Mount Gretna, 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.
- High vacancy: 44.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mount Gretna, PA (17064)?
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Market Analysis: 17064 Mount Gretna
The 17064 ZIP covers a section of Mount Gretna that demands careful diligence. Prices near $427K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $427K asset, 17064 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader PA picture, 17064 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 17064 ZIP's population of 738 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategically, 17064 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Mount Gretna:
Market Trends
Home Value History (with trend line)
📊 How Does 17064 Compare?
| Metric | 17064 | Mount Gretna | Lebanon, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $427,134 | $427,134 | N/A | $278,018 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 6.3% |
| Avg Rent | $1,584 | $1,584 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17064 (Mount Gretna, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $427,134 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 17064
Population: 738
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
🎓 Nearby Colleges & Universities
Investor Insight: With 733 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Mount Gretna, PA?
With a 3.0/5 investability score, Mount Gretna, PA ranks as a solid market for rental property investors. Median prices of $427K and rents of $1,584/mo drive the underlying numbers.
Can owner-occupants cash flow in Mount Gretna, PA?
Mount Gretna, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $427K price point reasonable to enter.
Where do rents currently stand in Mount Gretna, PA?
The typical rental in Mount Gretna, PA commands about $1,584/mo monthly. That rent profile measured cash flow against the $427K purchase basis.
How high is vacancy risk in Mount Gretna, PA?
Mount Gretna, PA carries elevated vacancy risk. Expect reliable absorption at market rents of $1,584/mo.
How expensive is real estate in Mount Gretna, PA?
Median home price in Mount Gretna, PA is near $427K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 17064 now. You don’t know where it ranks.
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How 17064 ranks in Lebanon, PA
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