Hershey, PA 17033 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hershey, PA—17033

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$397,000

6.1% YoY Growth

Household Income

$75,100

14.0% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

2.5%

Median Rent

$1,600

9.0% YoY Growth

1-Bed Rent

$1,100

0.0% YoY Growth

2-Bed Rent

$1,420

6.9% YoY Growth

3-Bed Rent

$2,500

7.0% YoY Growth

Home Price Trends — Hershey, PA

As of Dec '25, the median home price in Hershey, PA is $397,000, with a year-over-year change of 6.1%. This indicates that home prices in Hershey, PA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$397,000	6.1%
Single Family	$400,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hershey, PA

As of July '25, Rentcast reports the average rent in Hershey, PA is $1,830, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Hershey, PA is 1-bedrooms: $1,250, 2-bedrooms: $1,870, 3-bedrooms: $2,140, 4-bedrooms: $2,800. The most common rental property sizes in Hershey, PA are 2-bedroom and 1-bedroom, accounting for 41.2% and 26.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,830
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,250
2 Bed Rent	$1,420	$1,870
3 Bed Rent	$2,500	$2,140
4 Bed Rent	$2,800	$2,800

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% of Rental Stock

Studio

2.9%

1 Bedroom

26.0%

2 Bedrooms

41.2%

3 Bedrooms

24.1%

4 Bedrooms

4.8%

5+ Bedrooms

0.9%

Property Listings — Hershey, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Hershey, PA is 64. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$530,000	-1.0%
Listing Count	25	7.0%
Listings as % of Homes	0.3%	7.0%
Days on Market	74	26.0%

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Demographics — Hershey, PA

As of the latest ACS Survey released in 2023, Hershey, PA has a population of 17,000, which has decreased by -3.2% over the past 5 years. Hershey, PA is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,000	-3.2%
% Under 18	20.3%	5.2%
% Seniors	17.6%	2.9%
% WFH	20.1%	14.2%
% w/ College Degree	46.3%	-16.4%

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As of the latest ACS Survey released in 2023, Hershey, PA is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 16.1% in the last 5 years. The second most common race or ethnicity in Hershey, PA is hispanic, making up 11.8% of the population. Foreign-born residents account for 12.4% of the population in Hershey, PA, and this percentage has increased by 85.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	71.6%	-16.1%
% Black	3.5%	-34.0%
% Hispanic	11.8%	210.5%
% Asian	8.7%	117.5%
% Foreign Born	12.4%	85.1%

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Mortgage and Risk — Hershey, PA

According to HUD data as of 2023, there were 169 mortgage originations in Hershey, PA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hershey, PA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	169
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Hershey, PA

As of 2024, the percent of homes in Hershey, PA under the Section 8 program is 8.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hershey, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	251
Total Units Section 8	251
% Rentals under Section 8	8.3%
% Occupied Section 8	95.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$90	$1,100	$1,190
2 Bedroom	$50	$1,420	$1,470
3 Bedroom	-$610	$2,500	$1,890
4 Bedroom	-$850	$2,800	$1,950

Hershey, PA—17033

Key Metrics at a Glance

Home Price Trends — Hershey, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hershey, PA

% of Rental Stock

Property Listings — Hershey, PA

Demographics — Hershey, PA

Race and Ethnicity

Mortgage and Risk — Hershey, PA

Mortgages

Rentals and Section 8 — Hershey, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Hershey, PA

Home Price to Income Ratio

Hershey, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Campbelltown

Palmyra, PA

Hummelstown, PA

Lawn

Elizabethtown, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$397,000
Median Household Income	$75,100

Hershey, PA—17033

Key Metrics at a Glance

Home Price Trends — Hershey, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hershey, PA

% of Rental Stock

Property Listings — Hershey, PA

Demographics — Hershey, PA

Race and Ethnicity

Mortgage and Risk — Hershey, PA

Mortgages

Rentals and Section 8 — Hershey, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Hershey, PA

Home Price to Income Ratio

Hershey, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Campbelltown

Palmyra, PA

Hummelstown, PA

Lawn

Elizabethtown, PA

Frequently Asked Questions

What is the average home price in Hershey, PA 17033?

How have home prices in Hershey, PA 17033 changed over the past year?

What is the home price projection for Hershey, PA 17033?

What are the demographics of Hershey, PA 17033?

How long does it take homes to sell in Hershey, PA 17033?

What is the average rent price in Hershey, PA 17033?