Real Estate Investing in Duncannon, Pennsylvania (17020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17020 (Duncannon, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Duncannon, PA (17020)?
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Market Analysis: 17020 Duncannon
ZIP 17020 inside Perry County looks affordable on the surface — median value of $293K — but the discount exists for reasons that a careful buyer should understand before committing.
The 17020 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within PA, ZIP 17020 trails on several market indicators that neighboring Perry County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
A solid renter share of 21% in 17020 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 17020 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Duncannon:
Property Strategy for 17020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,059 | $1,130 | 4.6% | +7.4% | $88,029 |
| 3BR | $277,333 | $1,450 | 3.8% | +8.2% | $92,444 |
| 4BR | $330,224 | $1,500 | 3.3% | +7.9% | $82,556 |
Market Trends
Home Value History (with trend line)
📊 How Does 17020 Compare?
| Metric | 17020 | Duncannon | Harrisburg-Carlisle, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $293,067 | $293,067 | N/A | $278,018 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.3% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 17020 (Duncannon, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $293,067 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (2.7%). 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 17020
Population: 8,625
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 17020
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 5,255 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Duncannon, PA make sense for an investment property?
With a 3.0/5 investability score, Duncannon, PA ranks as a solid market for rental property investors. Median prices of $293K and rents of $1,017/mo drive the underlying numbers.
What monthly rent should investors expect in Duncannon, PA?
Rental rates in Duncannon, PA average $1,017/mo. Tenant demand and $293K home values make the yield look reasonable by investor standards.
Where do home prices stand in Duncannon, PA?
Duncannon, PA median home values land near $293K. That is reasonable territory for investors looking at $1,017/mo-per-month rentals.
Is it easy to find good tenants in Duncannon, PA?
The renter base in Duncannon, PA is reasonable for the $1,017/mo price point. Screening well and pricing to market typically yields measured tenants.
Should investors worry about vacancy in Duncannon, PA?
Duncannon, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
You know 17020 now. You don’t know where it ranks.
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How 17020 ranks in Harrisburg-Carlisle, PA
Every ZIP in this metro, ranked. Free.
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