Harrisburg, PA Rental Market Analysis

Updated March 2026 · Population: 50,665 · Data for rental property investors

Median Home Price
$135,000
Median Rent
$1,050/mo
Avg Cap Rate
8.5%
Avg Cash on Cash
10.5%
Home Price Growth
+2.5% YoY
Rent Growth
+3% YoY
Vacancy Rate
6.5%
Property Tax Rate
2.1%

Sample Deal: Median Harrisburg Rental Property

Purchase Price
$135,000
Down Payment (25%)
$33,750
Monthly Rent
$1,050/mo
Est. Monthly Mortgage
$640/mo
NOI (Annual)
$7,846
DSCR
1.02

* Based on 25% down, 6.5% interest, 30-year term. Includes taxes, insurance, and vacancy allowance. Does not include maintenance, management, or capital expenditures.

Why Invest in Harrisburg?

Pennsylvania state capital with 85,000+ government workers, Penn State Hershey Medical Center, and the Hershey Company. Affordable East Coast market with strong institutional employment.

Major Employers in Harrisburg

Understanding the local employment base is critical for evaluating rental demand stability. Harrisburg's economy is anchored by:

State of PennsylvaniaUPMC PinnaclePenn State HersheyHershey CompanyAmazon

Best Neighborhoods for Rental Investors

Midtown
Uptown
Camp Hill
New Cumberland
Lemoyne

Top Zip Codes for Investors

1710117102171031710417110

Investor Tip: Harrisburg

State capital with stable government employment. Properties in Midtown are gentrifying — the Camp Hill/Lemoyne suburbs across the river offer family-friendly rentals with strong demand.

Analyze Your Harrisburg Deal

Use becvio's free calculators to run the numbers on any Harrisburg property.

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What Is Cap Rate?·Understanding NOI·DSCR Explained·Cash on Cash Return·Rental Property Analysis Guide