Real Estate Investing in Orrstown, Pennsylvania (17244)
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Should you buy in 17244 (Orrstown, 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 Orrstown, PA (17244)?
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Market Analysis: 17244 Orrstown
The 17244 ZIP covers a section of Orrstown that demands careful diligence. Prices near $297K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 17244 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 17244 and stronger Orrstown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 2,305 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.
Distressed ZIPs reward experience. substantial returns are possible in 17244, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Orrstown:
Market Trends
Home Value History (with trend line)
📊 How Does 17244 Compare?
| Metric | 17244 | Orrstown | Chambersburg-Waynesboro, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $297,437 | $297,437 | N/A | $278,018 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.3% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 17244 (Orrstown, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,437 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.0%). 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 17244
Population: 2,305
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 17244
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Lurgan El Sch
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 891 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How landlord-friendly is Orrstown, PA?
The landlord environment in Orrstown, PA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How qualified is the tenant pool in Orrstown, PA?
Expect a solid tenant pool in Orrstown, PA. The rental market absorbs $1,161/mo rents without meaningful friction.
Which investment style suits Orrstown, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Orrstown, PA. With home values at $297K and rents near $1,161/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is real estate in Orrstown, PA a good investment right now?
Orrstown, PA scores 3.0/5 for investability. Home values sit at $297K and rents near $1,161/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the median home value in Orrstown, PA?
Typical homes in Orrstown, PA go for around $297K. The 5-year CAGR of 0.0% reliable price movement.
You know 17244 now. You don’t know where it ranks.
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How 17244 ranks in Chambersburg-Waynesboro, PA
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