Real Estate Investing in New Freedom, Pennsylvania (17349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17349 (New Freedom, 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 New Freedom, PA (17349)?
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Market Analysis: 17349 New Freedom
ZIP 17349 in New Freedom, PA carries a solid set of headwinds. Home values near $427K and rents of $1,557/mo sit inside a market where underwriting has to be tight.
Rent of $1,557/mo on a $427K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 17349 sits below the stated 0.0% once reality is priced in.
The gap between 17349 and stronger New Freedom ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Stepping back, 7,938 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. solid returns are possible in 17349, 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 New Freedom:
Property Strategy for 17349
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $232,764 | $1,730 | 5.4% | +7.2% | $116,382 |
| 3BR | $356,412 | $2,330 | 4.7% | +6.9% | $118,804 |
| 4BR | $484,876 | $2,400 | 3.6% | +7.2% | $121,219 |
| 5BR | $520,986 | — | — | +7.1% | $104,197 |
Market Trends
Home Value History (with trend line)
📊 How Does 17349 Compare?
| Metric | 17349 | New Freedom | York-Hanover, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $426,837 | $426,837 | N/A | $278,018 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.3% |
| Avg Rent | $1,557 | $1,557 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 17349 (New Freedom, 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 | $426,837 |
| Monthly Rent | $1,557 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.9%). 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 17349
Population: 7,938
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 17349
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Shrewsbury 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
Frequently Asked Questions
Are homes affordable in New Freedom, PA?
New Freedom, PA home values average about $427K. That price point suits investors targeting rentals with $1,557/mo in monthly income.
Does house hacking make sense in New Freedom, PA?
House hacking in New Freedom, PA is reasonable to execute. Prices around $427K and rents of $1,557/mo solid owner-occupant economics.
Is New Freedom, PA a smart market for rental property?
The 3.0/5 investability rating in New Freedom, PA reflects its $427K prices and $1,557/mo rents. Investors generally consider it a solid option within PA.
Are rents high in New Freedom, PA?
Rents in New Freedom, PA run near $1,557/mo. Compared with median home prices of $427K that produces solid gross yields for typical rentals.
Is rental property easy to operate in New Freedom, PA?
The landlord environment in New Freedom, PA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 17349 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 17349 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 17349 ranks in York-Hanover, PA
Every ZIP in this metro, ranked. Free.
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