Harrisburg Properties
Why invest in Harrisburg?
- Harrisburg is the capital of Pennsylvania with a metro-area population of 574,700 and sits on the Susquehanna River.
- Just east of the city, Hersheypark is a chocolate-themed park offering rides and entertainment.
- Top Industries in Harrisburg include Health care, Technology and Education and is home to major corporations including Tyco Electronics Corp., IBM, Hershey Foods, Harsco Corp. and Rite Aid Corp.
- Harrisburg’s unemployment rate is 3.4% (2019) vs the national rate of 4.7% (pre-pandemic data) and has steady annual job growth of 1.2%.
- Harrisburg is ranked #7 in the top 10 housing markets for 2021 (Realtor.com). Median home price is $262,000, Projected home price increase: 3.8%, Projected increased sales: 14.4%, Projected combined sales and price growth: 18.2%.
- Harrisburg’s Cost of living is 9% below the national average (Forbes). This leads to market stability, making it attractive for investors.
- The State is one of Harrisburg’s largest employers further adding to the region’s stability.
for sale
1404 Walnut St, Harrisburg PA 17103
3 bed/1 bath, 1,204 sq ft / Done & Rented
- Asset Cost: $84,900
- Reno Cost: $0
- Total Cost: $84,900
- Rent: $945 / month
- Cap Rate: 8.13%
Comps*/ARV $90,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
6 Allison Ct (254 S 20th St), Harrisburg PA 17104
3 bed/1 bath, 1,625 sq ft / Done & Rented
- Asset Cost: $119,900
- Reno Cost: $0
- Total Cost: $119,900
- Rent: $1100 / month
- Cap Rate: 7.14%
Comps*/ARV $125,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).