Real Estate Investing in Shrewsbury, Pennsylvania (17361)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 17361 (Shrewsbury, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shrewsbury, PA (17361)?
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Market Analysis: 17361 Shrewsbury
Not every below-median market is a bargain. Shrewsbury's 17361 ZIP comes in at signals that favor experienced operators who can absorb the risk $360K pricing implies.
The 17361 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 17361 and stronger Shrewsbury ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 17361 includes headwinds that any investor should price in. Income distribution skews lower than Shrewsbury averages, and tenant stability requires active management.
The 17361 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Shrewsbury:
Property Strategy for 17361
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $240,348 | $1,330 | 4.0% | +6.6% | $120,174 |
| 3BR | $318,402 | $1,790 | 4.0% | +6.1% | $106,134 |
| 4BR | $445,820 | $1,840 | 3.0% | +6.8% | $111,455 |
Market Trends
Home Value History (with trend line)
📊 How Does 17361 Compare?
| Metric | 17361 | Shrewsbury | York-Hanover, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $360,365 | $360,365 | N/A | $278,018 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.3% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17361 (Shrewsbury, 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 | $360,365 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (2.6%). 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 17361
Population: 6,262
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 17361
Schools in This ZIP Code
About Repit School Scores
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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
Is Shrewsbury, PA a good place for real estate investing?
Yes - Shrewsbury, PA a 3.0/5 investability score. With $360K home prices against $1,197/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the rental occupancy rate in Shrewsbury, PA?
Shrewsbury, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What do landlords charge for rent in Shrewsbury, PA?
Expect rents around $1,197/mo per month in Shrewsbury, PA. With home values at $360K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Shrewsbury, PA?
In Shrewsbury, PA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $360K prices and $1,197/mo rents suits that approach.
Is Shrewsbury, PA a friendly market for rental owners?
For rental operators, Shrewsbury, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 17361 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 17361 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 17361 ranks in York-Hanover, PA
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