Real Estate Investing in Spring Grove, Pennsylvania (17362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17362 (Spring Grove, 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 Spring Grove, PA (17362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 17362 Spring Grove
On balance, ZIP 17362 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $337K median. It rewards specialists, not generalists.
Put differently, the numbers look inviting — $337K purchase price, 0.0% nominal cap — the work to hit that pro forma in 17362 is substantial and deserves full respect.
Regionally, 17362 sits on the difficult end of the PA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 17362 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Spring Grove:
Property Strategy for 17362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $252,917 | $1,390 | 4.0% | +9.1% | $126,458 |
| 3BR | $313,566 | $1,870 | 4.3% | +8.1% | $104,522 |
| 4BR | $402,848 | $1,930 | 3.4% | +7.7% | $100,712 |
| 5BR | $462,841 | — | — | +7.7% | $92,568 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17362 Compare?
| Metric | 17362 | Spring Grove | York-Hanover, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $336,739 | $336,739 | N/A | $278,018 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.3% |
| Avg Rent | $1,223 | $1,223 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 17362 (Spring Grove, PA). Anonymous, moderated, never written by AI.
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Property managers serving York County
Manage rentals here? List your business →Property Management Enterprises, Llc, also known as The Apartment Gallery, provides full-service residential rental real estate management for apartment, townhome, manufactured housing, and single-fam summary from their website
Sherman Property Management offers property management and rentals for apartments, efficiencies, houses, townhouses, and commercial properties in York and Hanover, PA. summary from their website
Burkentine Property Management offers rentals in Hanover, PA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $336,739 |
| Monthly Rent | $1,223 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 17362
Population: 14,020
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 17362
Schools in This ZIP Code
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
Frequently Asked Questions
How much is rent in Spring Grove, PA?
Rents in Spring Grove, PA run near $1,223/mo. Compared with median home prices of $337K that produces solid gross yields for typical rentals.
Can owner-occupants cash flow in Spring Grove, PA?
Spring Grove, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $337K price point reasonable to enter.
Is Spring Grove in PA worth investing in?
Investors tracking Spring Grove, PA will find a 3.0/5 rating supported by $337K median home values and $1,223/mo rents. That profile suits long-term holders targeting stable returns.
How high is vacancy risk in Spring Grove, PA?
Spring Grove, PA carries elevated vacancy risk. Expect consistent absorption at market rents of $1,223/mo.
How much should I expect to pay for a home in Spring Grove, PA?
Expect median prices around $337K in Spring Grove, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 17362 now. You don’t know where it ranks.
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How 17362 ranks in York-Hanover, PA
Every ZIP in this metro, ranked. Free.
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