Real Estate Investing in York, Pennsylvania (17404)
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Should you buy in 17404 (York, PA)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 York, PA (17404)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 17404 York
ZIP 17404 inside York County looks affordable on the surface — median value of $261K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 17404 can be a a strong candidate for hunting ground — but the discount at $261K reflects genuine risk that outside investors often underestimate.
The gap between 17404 and stronger York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 17404 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
appears to 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 York:
Property Strategy for 17404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,476 | $1,360 | 5.3% | +10.1% | $92,738 |
| 3BR | $227,468 | $1,830 | 5.8% | +9.4% | $75,823 |
| 4BR | $408,775 | $1,880 | 3.3% | +7.7% | $102,194 |
| 5BR | $240,804 | — | — | +9.1% | $48,161 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17404 Compare?
| Metric | 17404 | York | York-Hanover, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $261,229 | $260,757 | N/A | $278,018 |
| 5-Year CAGR | 7.1% | 7.4% | N/A | 6.3% |
| Avg Rent | $1,315 | $1,464 | N/A | - |
| Cap Rate | 3.9% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17404 (York, 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 | $261,229 |
| Monthly Rent | $1,315 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 17404
Population: 38,973
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 17404
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
Investor Insight: With 982 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in York, PA?
Expect rents around $1,315/mo per month in York, PA. With home values at $261K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in York, PA?
Expect a solid tenant pool in York, PA. The rental market absorbs $1,315/mo rents without meaningful friction.
How landlord-friendly is York, PA?
York, PA falls under PA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is York, PA a good market for buy-and-hold investors?
With a 3.0/5 investability score, York, PA ranks as a solid market for rental property investors. Median prices of $261K and rents of $1,315/mo drive the underlying numbers.
What is the median home value in York, PA?
The median home value in York, PA is roughly $261K. That puts it reasonable relative to the PA statewide average.
You know 17404 now. You don’t know where it ranks.
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How 17404 ranks in York-Hanover, PA
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