Harrisburg, PA—17104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrisburg, PA
As of Oct '25, the median home price in Harrisburg, PA is $126,000, with a year-over-year change of 15.3%. This indicates that home prices in Harrisburg, PA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | 15.3% |
| Single Family | $126,000 | 14.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | 11.6% |
3 Bed | $129,000 | 13.2% |
4 Bed | $139,000 | 18.8% |
| 5 Bed | $116,000 | 18.4% |
% of Housing Stock
Rental Trends — Harrisburg, PA
As of July '25, Rentcast reports the average rent in Harrisburg, PA is $1,200, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Harrisburg, PA is studios: $957, 1-bedrooms: $912, 2-bedrooms: $1,130, 3-bedrooms: $1,420, 4-bedrooms: $1,350. The most common rental property sizes in Harrisburg, PA are 2-bedroom and 3-bedroom, accounting for 38.1% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,200 |
| Studio Rent | $922 | $957 |
| 1 Bed Rent | $895 | $912 |
| 2 Bed Rent | $1,100 | $1,130 |
| 3 Bed Rent | $1,400 | $1,420 |
| 4 Bed Rent | $1,350 | $1,350 |
% of Rental Stock
Property Listings — Harrisburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrisburg, PA is 30. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | 1.0% |
Listing Count | 55 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 30 | 31.0% |
Demographics — Harrisburg, PA
As of the latest ACS Survey released in 2023, Harrisburg, PA has a population of 19,400, which has decreased by -2.5% over the past 5 years. Harrisburg, PA is a popular place for families, as children make up 29.8% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | -2.5% |
% Under 18 | 29.8% | -4.5% |
% Seniors | 13.2% | 51.7% |
% WFH | 8.9% | 154.3% |
% w/ College Degree | 17.4% | 23.4% |
As of the latest ACS Survey released in 2023, Harrisburg, PA is a predominantly black area, with 44.9% of the population identifying as black. The black population has shrunk by 13.2% in the last 5 years. The second most common race or ethnicity in Harrisburg, PA is hispanic, making up 29.5% of the population. Foreign-born residents account for 10.4% of the population in Harrisburg, PA, and this percentage has decreased by 24.6% 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 | 19.0% | 31.0% |
% Black | 44.9% | -13.2% |
% Hispanic | 29.5% | -4.2% |
% Asian | 3.1% | -43.6% |
% Foreign Born | 10.4% | -24.6% |
Mortgage and Risk — Harrisburg, PA
According to HUD data as of 2023, there were 194 mortgage originations in Harrisburg, PA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Harrisburg, PA. Investor activity is low, as 12.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 12.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Harrisburg, PA
As of 2024, the percent of homes in Harrisburg, PA under the Section 8 program is 19.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Harrisburg, 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 | 1,743 |
Total Units Section 8 | 958 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $895 | $960 |
| 2 Bedroom | $80 | $1,100 | $1,180 |
| 3 Bedroom | $120 | $1,400 | $1,520 |
| 4 Bedroom | $210 | $1,350 | $1,560 |
Affordability — Harrisburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $126,000 |
| Median Household Income | $42,100 |