Shippensburg, PA—17257
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shippensburg, PA
As of Oct '25, the median home price in Shippensburg, PA is $295,000, with a year-over-year change of 3.6%. This indicates that home prices in Shippensburg, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 3.6% |
| Single Family | $295,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 3.3% |
3 Bed | $291,000 | 3.9% |
4 Bed | $365,000 | 3.4% |
| 5 Bed | $435,000 | 3.6% |
% of Housing Stock
Rental Trends — Shippensburg, PA
As of July '25, Rentcast reports the average rent in Shippensburg, PA is $1,210, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Shippensburg, PA is studios: $800, 1-bedrooms: $750, 2-bedrooms: $1,060, 3-bedrooms: $1,560, 4-bedrooms: $1,810. The most common rental property sizes in Shippensburg, PA are 2-bedroom and 1-bedroom, accounting for 40.6% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,210 |
| Studio Rent | $800 | $800 |
| 1 Bed Rent | $710 | $750 |
| 2 Bed Rent | $925 | $1,060 |
| 3 Bed Rent | $1,550 | $1,560 |
| 4 Bed Rent | $1,500 | $1,810 |
% of Rental Stock
Property Listings — Shippensburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shippensburg, PA is 38. This is a decrease of -9.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | 1.0% |
Listing Count | 73 | -16.0% |
| Listings as % of Homes | 0.5% | -16.0% |
Days on Market | 38 | -9.0% |
Demographics — Shippensburg, PA
As of the latest ACS Survey released in 2023, Shippensburg, PA has a population of 29,100, which has remained stable by -0.4% over the past 5 years. Shippensburg, PA is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | -0.4% |
% Under 18 | 22.1% | 5.2% |
% Seniors | 16.8% | 9.8% |
% WFH | 8.5% | 51.8% |
% w/ College Degree | 22.9% | 0.9% |
As of the latest ACS Survey released in 2023, Shippensburg, PA is a predominantly white area, with 88.7% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Shippensburg, PA is black, making up 3.8% of the population. Foreign-born residents account for 3.9% of the population in Shippensburg, PA, and this percentage has decreased by 4.9% 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 | 88.7% | 0.0% |
% Black | 3.8% | -15.6% |
% Hispanic | 3.1% | 0.0% |
% Asian | 1.8% | 5.9% |
% Foreign Born | 3.9% | -4.9% |
Mortgage and Risk — Shippensburg, PA
According to HUD data as of 2023, there were 510 mortgage originations in Shippensburg, PA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Shippensburg, PA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 510 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Shippensburg, PA
As of 2024, the percent of homes in Shippensburg, PA under the Section 8 program is 7.2%. 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. In Shippensburg, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 289 |
Total Units Section 8 | 265 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $710 | $1,000 |
| 2 Bedroom | $305 | $925 | $1,230 |
| 3 Bedroom | $50 | $1,550 | $1,600 |
| 4 Bedroom | $200 | $1,500 | $1,700 |
Affordability — Shippensburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $295,000 |
| Median Household Income | $71,500 |