Real Estate Investing in Newburg, Pennsylvania (17240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17240 (Newburg, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Newburg, PA (17240)?
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Market Analysis: 17240 Newburg
This part of Franklin County is not an easy win. The 17240 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $360K purchase price, 0.0% nominal cap — the work to hit that pro forma in 17240 is substantial and deserves full respect.
In the broader PA picture, 17240 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 17240 ZIP's population of 3,154 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 17240 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Newburg:
Property Strategy for 17240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $320,776 | $2,160 | 4.8% | +6.8% | $106,925 |
| 4BR | $442,235 | $2,270 | 3.7% | +7.3% | $110,559 |
Market Trends
Home Value History (with trend line)
📊 How Does 17240 Compare?
| Metric | 17240 | Newburg | Chambersburg-Waynesboro, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $359,714 | $359,714 | N/A | $278,018 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.3% |
| Avg Rent | $1,503 | $1,503 | 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 17240 (Newburg, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $359,714 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (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 17240
Population: 3,154
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
Where do rents currently stand in Newburg, PA?
Investors in Newburg, PA typically see rents near $1,503/mo per month against $360K home values - a solid setup for rental cash flow.
How expensive is real estate in Newburg, PA?
Median home price in Newburg, PA is near $360K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Does Newburg, PA make sense for an investment property?
With a 3.0/5 investability score, Newburg, PA ranks as a solid market for rental property investors. Median prices of $360K and rents of $1,503/mo drive the underlying numbers.
Which investment style suits Newburg, PA?
A careful cash-flow rentals with hands-on management strategy Newburg, PA best. The market produces predictable results for that approach at the $360K price point.
Is Newburg, PA a good market for FHA house hackers?
Newburg, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $360K price point reasonable to enter.
You know 17240 now. You don’t know where it ranks.
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How 17240 ranks in Chambersburg-Waynesboro, PA
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