Real Estate Investing in Carlisle, Pennsylvania (17015)
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Should you buy in 17015 (Carlisle, 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.
No major risk flags on the data we track.
What’s happening in Carlisle, PA (17015)?
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Market Analysis: 17015 Carlisle
ZIP 17015 in Carlisle, PA carries a resilient set of headwinds. Home values near $399K and rents of $1,738/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 17015 can be a a solid fit for hunting ground — but the discount at $399K reflects genuine risk that outside investors often underestimate.
Within PA, ZIP 17015 trails on several market indicators that neighboring Cumberland County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Put differently, 24,240 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 17015 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 Carlisle:
Property Strategy for 17015
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $248,429 | $1,490 | 4.3% | +7.8% | $124,214 |
| 3BR | $353,469 | $1,920 | 3.9% | +7.1% | $117,823 |
| 4BR | $495,329 | $1,970 | 2.9% | +7.2% | $123,832 |
| 5BR | $641,742 | — | — | +7.8% | $128,348 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17015 Compare?
| Metric | 17015 | Carlisle | Harrisburg-Carlisle, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $398,820 | $345,548 | N/A | $278,018 |
| 5-Year CAGR | 6.0% | 6.1% | N/A | 6.3% |
| Avg Rent | $1,738 | $1,547 | N/A | - |
| Cap Rate | 3.4% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17015 (Carlisle, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $398,820 |
| Monthly Rent | $1,738 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.4%). 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 17015
Population: 24,240
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
Frequently Asked Questions
Is vacancy a concern in Carlisle, PA?
Rental vacancy in Carlisle, PA is elevated. Investors should budget normal turnover but not chronic empty units.
How should investors approach Carlisle, PA?
In Carlisle, PA the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $399K prices and $1,738/mo rents suits that approach.
How do home values compare in Carlisle, PA?
Homes in Carlisle, PA typically sell near $399K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is rental property easy to operate in Carlisle, PA?
Landlord-friendliness in Carlisle, PA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong is Carlisle, PA for real estate investors?
Carlisle, PA rates 3.0/5 for investability. With median values at $399K and rents near $1,738/mo, the market offers reasonable fundamentals for rental investors.
You know 17015 now. You don’t know where it ranks.
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How 17015 ranks in Harrisburg-Carlisle, PA
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