Real Estate Investing in Aspers, Pennsylvania (17304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17304 (Aspers, 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 Aspers, PA (17304)?
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Market Analysis: 17304 Aspers
The 17304 ZIP covers a section of Aspers that demands careful diligence. Prices near $353K look accessible, but the work to make a deal cash flow is real.
The investment case in 17304 is sturdy only for operators who understand what they are buying. A $353K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader PA picture, 17304 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 17304 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 17304 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 Aspers:
Property Strategy for 17304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $248,863 | $1,530 | 4.4% | +6.3% | $124,431 |
| 3BR | $313,554 | $2,040 | 4.7% | +6.8% | $104,518 |
| 4BR | $430,591 | $2,160 | 3.6% | +7.6% | $107,648 |
Market Trends
Home Value History (with trend line)
📊 How Does 17304 Compare?
| Metric | 17304 | Aspers | Gettysburg, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $353,205 | $297,237 | N/A | $278,018 |
| 5-Year CAGR | 5.1% | 4.5% | N/A | 6.3% |
| Avg Rent | $1,377 | $1,296 | N/A | - |
| Cap Rate | 3.0% | 3.5% | - | - |
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 17304 (Aspers, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,205 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 17304
Population: 3,039
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
What kind of tenants rent in Aspers, PA?
Tenant quality in Aspers, PA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,377/mo.
Are there empty rentals in Aspers, PA?
Aspers, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
What is the average home sale price in Aspers, PA?
Typical homes in Aspers, PA go for around $353K. The 5-year CAGR of 0.0% consistent price movement.
Is Aspers, PA better for rentals, flips, or BRRRR?
Aspers, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($353K prices, $1,377/mo rents) make it a reasonable choice.
Are landlord laws favorable in Aspers, PA?
Rental owners in Aspers, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 17304 now. You don’t know where it ranks.
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How 17304 ranks in Gettysburg, PA
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