Real Estate Investing in East Waterford, Pennsylvania (17219)
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Should you buy in 17219 (East Waterford, PA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 19.8% 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 East Waterford, PA (17219)?
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Market Analysis: 17219 East Waterford
ZIP 17219 in East Waterford, PA carries a impressive set of headwinds. Home values near $243K and rents of $1,152/mo sit inside a market where underwriting has to be tight.
The 17219 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in East Waterford have seen price recovery that 17219 has not matched. Franklin County data supports the view that the spread is structural rather than temporary.
Employment concentration in 17219 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 17219 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 East Waterford:
Market Trends
Home Value History (with trend line)
📊 How Does 17219 Compare?
| Metric | 17219 | East Waterford | Chambersburg-Waynesboro, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $242,547 | $230,808 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $1,152 | $1,080 | N/A | - |
| Cap Rate | 3.7% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17219 (East Waterford, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,547 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (3.7%). 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 17219
Population: 444
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 860 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is East Waterford, PA a smart market for rental property?
The 2.0/5 investability rating in East Waterford, PA reflects its $243K prices and $1,152/mo rents. Investors generally consider it a solid option within PA.
How do home values compare in East Waterford, PA?
In East Waterford, PA the median home value sits at $243K. Against the broader PA market, that reads as reasonable for most investors.
What do rentals go for in East Waterford, PA?
Average rent in East Waterford, PA is approximately $1,152/mo per month. Against $243K home values that yields a reasonable rent-to-price ratio.
Are there empty rentals in East Waterford, PA?
East Waterford, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
Is house hacking profitable in East Waterford, PA?
House hacking in East Waterford, PA is reasonable to execute. Prices around $243K and rents of $1,152/mo solid owner-occupant economics.
You know 17219 now. You don’t know where it ranks.
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How 17219 ranks in Chambersburg-Waynesboro, PA
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