Harrisburg, PA17101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$219,000
1.1% YoY Growth
Household Income
$70,100
134.1% YoY Growth
Days on Market
142
N/A
Home Price Forecast
0.5%
Median Rent
$1,220
7.8% YoY Growth
1-Bed Rent
$1,280
11.2% YoY Growth
2-Bed Rent
$1,400
28.6% YoY Growth
3-Bed Rent
$1,500
22.0% YoY Growth

Other Zip Codes in Harrisburg, PA

Property Listings — Harrisburg, PA

Harrisburg, PA lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$355,000N/A
Listing Count
4N/A
Listings as % of Homes0.2%N/A
Days on Market
142N/A
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Demographics — Harrisburg, PA

As of the latest ACS Survey released in 2023, Harrisburg, PA has a population of 2,680, which has increased by 43.6% over the past 5 years. Harrisburg, PA is a less popular place for families, as children make up 1.5% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

MetricLatest CensusYoY % Change
Population
2,68043.6%
% Under 18
1.5%50.0%
% Seniors
13.4%-35.9%
% WFH
11.9%124.5%
% w/ College Degree
45.8%44.5%
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As of the latest ACS Survey released in 2023, Harrisburg, PA is a predominantly white area, with 49.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Harrisburg, PA is hispanic, making up 20.2% of the population. Foreign-born residents account for 9.9% of the population in Harrisburg, PA, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
49.3%-1.2%
% Black
14.7%-58.6%
% Hispanic
20.2%512.1%
% Asian
13.4%63.4%
% Foreign Born
9.9%28.6%
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Mortgage and Risk — Harrisburg, PA

According to HUD data as of 2023, there were 23 mortgage originations in Harrisburg, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Harrisburg, PA. Investor activity is high, as 17.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
23
% Conventional Loans
83.0%
% Government Loans
17.0%
% Investor Loans
17.0%
% Second Loans
0.0%
% Cash Out Refinance
4.0%
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Rentals and Section 8 — Harrisburg, PA

Harrisburg, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
370
Total Units Section 8
55
% Rentals under Section 8
9.9%
% Occupied Section 8
72.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$340$1,280$940
2 Bedroom-$240$1,400$1,160
3 Bedroom-$10$1,500$1,490
4 BedroomN/AN/A$1,540

Affordability — Harrisburg, PA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio2.8
Median Home Price$219,000
Median Household Income$70,100

Harrisburg, PA — ZIP Code Boundary Map

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Frequently Asked Questions