Mechanicsburg, PA—17055
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mechanicsburg, PA
Home Price Trends — Mechanicsburg, PA
As of Oct '25, the median home price in Mechanicsburg, PA is $355,000, 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 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | 4.2% |
| Single Family | $362,000 | 4.0% |
| Condos | $188,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $141,000 | 2.2% |
2 Bed | $227,000 | 5.1% |
3 Bed | $331,000 | 4.1% |
4 Bed | $481,000 | 4.3% |
| 5 Bed | $611,000 | 3.4% |
% of Housing Stock
Rental Trends — Mechanicsburg, PA
As of July '25, Rentcast reports the average rent in Mechanicsburg, PA is $1,840, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Mechanicsburg, PA is 1-bedrooms: $1,210, 2-bedrooms: $1,430, 3-bedrooms: $2,250. The most common rental property sizes in Mechanicsburg, PA are 2-bedroom and 1-bedroom, accounting for 41.2% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,210 |
| 2 Bed Rent | $1,460 | $1,430 |
| 3 Bed Rent | $2,300 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mechanicsburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicsburg, PA is 48. This is a decrease of -4.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | -9.0% |
Listing Count | 170 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 48 | -4.0% |
Demographics — Mechanicsburg, PA
As of the latest ACS Survey released in 2023, Mechanicsburg, PA has a population of 41,400, which has increased by 14.9% over the past 5 years. Mechanicsburg, PA is a moderately popular place for families, as children make up 19.6% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,400 | 14.9% |
% Under 18 | 19.6% | 2.6% |
% Seniors | 22.5% | 13.6% |
% WFH | 17.8% | 287.0% |
% w/ College Degree | 47.2% | 13.2% |
As of the latest ACS Survey released in 2023, Mechanicsburg, PA is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Mechanicsburg, PA is hispanic, making up 4.4% of the population. Foreign-born residents account for 4.6% of the population in Mechanicsburg, PA, and this percentage has decreased by 22.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.8% | -6.4% |
% Black | 4.1% | 41.4% |
% Hispanic | 4.4% | 100.0% |
% Asian | 3.0% | -9.1% |
% Foreign Born | 4.6% | -22.0% |
Mortgage and Risk — Mechanicsburg, PA
According to HUD data as of 2023, there were 1054 mortgage originations in Mechanicsburg, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Mechanicsburg, PA. Investor activity is low, as 2.0% 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 | 1,054 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Mechanicsburg, PA
Mechanicsburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 350 |
Total Units Section 8 | 350 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,100 | $1,260 |
| 2 Bedroom | $90 | $1,460 | $1,550 |
| 3 Bedroom | -$310 | $2,300 | $1,990 |
| 4 Bedroom | N/A | N/A | $2,060 |
Affordability — Mechanicsburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $355,000 |
| Median Household Income | $95,500 |