Mechanicsburg, PA 17050 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Mechanicsburg, PA—17050

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$442,000

4.2% YoY Growth

Household Income

$112,000

27.4% YoY Growth

Days on Market

55

14.0% Shorter YoY

Home Price Forecast

2.2%

Median Rent

$2,100

2.9% YoY Growth

1-Bed Rent

$1,300

12.6% YoY Growth

2-Bed Rent

$1,600

4.6% YoY Growth

3-Bed Rent

$2,100

2.3% YoY Growth

Other Zip Codes in Mechanicsburg, PA

Home Price Trends — Mechanicsburg, PA

As of Dec '25, the median home price in Mechanicsburg, PA is $442,000, with a year-over-year change of 4.2%. This indicates that home prices in Mechanicsburg, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$442,000	4.2%
Single Family	$443,000	4.0%
Condos	$428,000	4.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mechanicsburg, PA

As of July '25, Rentcast reports the average rent in Mechanicsburg, PA is $2,160, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Mechanicsburg, PA is 1-bedrooms: $1,340, 2-bedrooms: $1,590, 3-bedrooms: $2,180, 4-bedrooms: $2,670. The most common rental property sizes in Mechanicsburg, PA are 2-bedroom and 3-bedroom, accounting for 35.9% and 34.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,160
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,340
2 Bed Rent	$1,600	$1,590
3 Bed Rent	$2,100	$2,180
4 Bed Rent	$2,400	$2,670

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% of Rental Stock

Studio

6.1%

1 Bedroom

16.7%

2 Bedrooms

35.9%

3 Bedrooms

34.7%

4 Bedrooms

5.5%

5+ Bedrooms

1.2%

Property Listings — Mechanicsburg, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Mechanicsburg, PA is 33. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$412,000	-18.0%
Listing Count	80	-2.0%
Listings as % of Homes	0.6%	-2.0%
Days on Market	55	-14.0%

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Demographics — Mechanicsburg, PA

As of the latest ACS Survey released in 2023, Mechanicsburg, PA has a population of 42,500, which has increased by 13.1% over the past 5 years. Mechanicsburg, PA is a moderately popular place for families, as children make up 23.8% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	42,500	13.1%
% Under 18	23.8%	1.7%
% Seniors	18.6%	2.2%
% WFH	20.9%	364.4%
% w/ College Degree	52.3%	3.4%

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As of the latest ACS Survey released in 2023, Mechanicsburg, PA is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Mechanicsburg, PA is asian, making up 16.1% of the population. Foreign-born residents account for 16.0% of the population in Mechanicsburg, PA, and this percentage has increased by 34.5% 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	74.9%	-8.1%
% Black	1.5%	0.0%
% Hispanic	4.3%	30.3%
% Asian	16.1%	41.2%
% Foreign Born	16.0%	34.5%

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Mortgage and Risk — Mechanicsburg, PA

According to HUD data as of 2023, there were 922 mortgage originations in Mechanicsburg, PA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Mechanicsburg, PA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	922
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Mechanicsburg, PA

As of 2024, the percent of homes in Mechanicsburg, PA under the Section 8 program is 4.2%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mechanicsburg, PA, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	158
Total Units Section 8	158
% Rentals under Section 8	4.2%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$1,300	$1,400
2 Bedroom	$120	$1,600	$1,720
3 Bedroom	$110	$2,100	$2,210
4 Bedroom	-$120	$2,400	$2,280