McSherrystown, PA—17344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McSherrystown, PA
As of Oct '25, the median home price in McSherrystown, PA is $242,000, with a year-over-year change of 5.0%. This indicates that home prices in McSherrystown, PA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 5.0% |
| Single Family | $242,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 5.2% |
3 Bed | $249,000 | 5.1% |
4 Bed | $254,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McSherrystown, PA
As of July '25, Rentcast reports the average rent in McSherrystown, PA is $1,340, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in McSherrystown, PA is 2-bedrooms: $1,340. The most common rental property sizes in McSherrystown, PA are 3-bedroom and 2-bedroom, accounting for 50.9% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McSherrystown, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in McSherrystown, PA is 21. This is a decrease of -32.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | -5.0% |
Listing Count | 9 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 21 | -32.0% |
Demographics — McSherrystown, PA
As of the latest ACS Survey released in 2023, McSherrystown, PA has a population of 3,770, which has increased by 4.0% over the past 5 years. McSherrystown, PA is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,770 | 4.0% |
% Under 18 | 25.4% | 7.2% |
% Seniors | 16.8% | -6.7% |
% WFH | 2.2% | 214.3% |
% w/ College Degree | 17.9% | 59.8% |
As of the latest ACS Survey released in 2023, McSherrystown, PA is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in McSherrystown, PA is hispanic, making up 5.7% of the population. Foreign-born residents account for 0.5% of the population in McSherrystown, PA, and this percentage has decreased by 88.9% 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 | 93.6% | -1.1% |
% Black | 0.0% | N/A |
% Hispanic | 5.7% | 83.9% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 0.5% | -88.9% |
Mortgage and Risk — McSherrystown, PA
According to HUD data as of 2023, there were 94 mortgage originations in McSherrystown, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in McSherrystown, PA. Investor activity is low, as 2.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — McSherrystown, PA
McSherrystown, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 174 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | $40 | $1,300 | $1,340 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — McSherrystown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $242,000 |
| Median Household Income | $71,700 |