Harrisburg Investment Properties For Sale | Norada

Harrisburg Investment Properties For Sale

A location convenient to markets and quality workforce. We offer fully renovated turnkey investment properties in Harrisburg.

South Central Pennsylvania is the third-largest region in the state by both population and number of businesses, consisting of eight counties along Pennsylvania’s southern border with Maryland. Anchored by Lancaster, York, Gettysburg, Hershey, and Harrisburg, (Pennsylvania’s capital city) the region boasts a population of nearly 2 million people, about 17 percent of the state’s population. The strengths of the region are similar to those of Pennsylvania as a whole: a location convenient to markets and a quality workforce. Strategically located on a network of interstate highways, rail lines with intermodal facilities and a growing air freight industry — and convenient passenger flights at Harrisburg International Airport — the region serves as the transportation crossroads of the Mid-Atlantic, with strategic routes east and west as well as north and south.

Central PA and South Central PA offer diverse terrain with vast farmlands, mountains, and stunning national forests. Some of the major cities in the area include Lebanon, Lancaster, Harrisburg, York, Reading, Altoona, and State College which is home to Penn State University.

Over 55% of households have an annual income greater than $60K with 28% of Households exceeding $100K in annual income.

In York County, the median home sale price increased by 3% to $175,000 compared to 2017 sales. This is the highest median home sale price on record in the history of York County. The median sold price in York County increased by 21% in five years and increased 6% over the past 10 years. In 2018, 14% of the homes sold in. York County was priced under $100,000, 48% of the homes sold were priced between $100,00-$199,999, 26% of the homes sold were priced between $200,000-$299,999 and 12% of the homes sold were priced over $300,000.

The Benefits of Turnkey Investments

Making investments in turnkey properties is beneficial for a number of reasons. Most importantly, you will be able to grow your portfolio quickly and with little effort on your end.

Investing in turnkey investments is perfect for those who want to add real estate to their portfolios, without having to deal with the hassles themselves. We handle the acquisition, repairs, tenant screening, and management of the property. We know how to acquire and repair properties as efficiently as possible. It can be very reassuring as an investor to know that all of the details are being taken care of by a team of local professionals.

What’s Around

Harrisburg International Airport offers non-stop service to 15 cities in the US with one-stop connections to major cities around the world. The airport has been serving the area for over 100 years!

Philadelphia is the 6th most populous city in the United State with over 6 million people calling the area home. The city was founded in 1682 and is rich with history and culture. There are great outdoor areas including Fairmont Park and the rapids on the Schuylkill River. Philadelphia is about 2 hours away from Harrisburg.

Pennsylvania Dutch Country is a region in Central Pennsylvania which was settled by German-speaking settlers of Lutheran, Amish, Mennonite, and other religious sects. Today, it is a beautiful area with many tourist stops. Visitors can observe residents practicing their traditional way of life, learn about the culture, and enjoy some of the best country cooking available.

Residents in some of the more southern areas such as York and Lancaster can opt to make the commute to Baltimore for work as the drive only takes about an hour. Others will commute to New Jersey, or Philadelphia, however, there are plenty of opportunities right here!

Things To Do In South Central PA

Some of the attractions in the area include:

  • Hersheypark – located about 15 miles from Harrisburg, Hersheypark offers roller coasters, pools, water rides, a zoo, and of course, chocolate.
  • Indian Echo Caverns – located near Hummelstown, the limestone caverns and caves are open to the public and offer guided tours as well as special events. They are one of the most popular attractions in the Eastern US!
  • Gettysburg – the site of the Civil Wars deadliest battle, the area is now home to many monuments, cemeteries, and living history programs.
  • York Fairgrounds – the fairgrounds offer many events throughout the year including concerts, carnivals, and sporting events. The fairgrounds are also home to America’s oldest fair!

Educational Excellence

The south-central region houses 22 colleges and universities, including the Penn State Milton S. Hershey Medical Center and College of Medicine, Harrisburg Area Community College’s five campuses and additional locations for job training, and many other private and public colleges, universities and trade schools.

Perks of Investing In South Central PA

Housing continues to be a significant economic sector within our community. It is the source of direct employment for a variety of trades and professions such as construction, finance, and insurance. Housing sales also create a huge and often unrecognized impact on the larger economy because it unleashes additional spending as buyers transform a house into their home to reflect their tastes and interests.

From an economic standpoint, the region has a workforce of approximately 900,000 people. Nearly 200,000 businesses of all sizes and shapes. From well-known companies such as e Hershey Co., Harley-Davidson, Volvo Construction Equipment, Armstrong World Industries, Bayer, and Rite Aid Corp. To young technology and biotech companies. $10.6 million investment will create 50 new jobs and continue to define Lancaster as one of the leading locations for food processing firms in the northeast. With an annual GDP exceeding $13.5 billion, the region has seen a resurgence in manufacturing. Having a strong local supply chain has encouraged more on-shore manufacturing. In addition, creative industries, particularly in York, have contributed to local job growth in architecture, construction, engineering, and the arts. A wide range of skills in the area, coupled with a strategic location, provides a groundwork for future opportunities.

Harrisburg is a medium-sized city located in the state of Pennsylvania. With a population of 49,229 people and 36 constituent neighborhoods, Harrisburg is the 11th largest community in Pennsylvania. Much of the housing stock in Harrisburg was built prior to World War II, making it one of the older and more historic cities in the country.

Harrisburg is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Harrisburg is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Harrisburg who work in office and administrative support (14.60%), sales jobs (9.25%), and maintenance occupations (7.12%).

Also of interest is that Harrisburg has more people living here who work in computers and math than 95% of the places in the US.

Harrisburg has a lot of people who ride the bus to and from work. In fact, for its size, Harrisburg has quite a high level of public transit users. Harrisburg’s need for inexpensive transportation options for its citizens is quite high.

The education level of Harrisburg citizens, measured as those with bachelor's degrees or advanced degrees, is similar to the national average for all American cities and towns. 20.16% of adults 25 and older in Harrisburg have a college degree.

The per capita income in Harrisburg in 2010 was $22,043, which is low income relative to Pennsylvania, and lower middle income relative to the rest of the US. This equates to an annual income of $88,172 for a family of four. However, Harrisburg contains both very wealthy and poor people as well.

Harrisburg is an extremely ethnically-diverse city. The people who call Harrisburg home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Harrisburg residents report their race to be Black or African-American, followed by White. Harrisburg also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.79% of the city’s residents. Important ancestries of people in Harrisburg include German, Irish, Italian, English, and African.

The most common language spoken in Harrisburg is English. Other important languages spoken here include Spanish and Vietnamese.

Harrisburg is a medium-sized city located in the state of Pennsylvania. With a population of 49,229 people and 36 constituent neighborhoods, Harrisburg is the 11th largest community in Pennsylvania. Much of the housing stock in Harrisburg was built prior to World War II, making it one of the older and more historic cities in the country.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Harrisburg is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Harrisburg is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Harrisburg who work in office and administrative support (17.34%), sales jobs (9.20%), and food service (7.94%).

Also of interest is that Harrisburg has more people living here who work in computers and math than 95% of the places in the US.

Many people in Harrisburg take advantage of public transportation to get around. In fact, for the size of the city, the number of people who use the bus to commute to work is quite high. This helps to fill a need among Harrisburg citizens for affordable transportation.

In terms of college education, Harrisburg is nearly on par with the US average for all cities of 21.84%: 19.59% of adults 25 and older in Harrisburg have a bachelor's degree or advanced degree.

The per capita income in Harrisburg in 2010 was $20,561, which is low-income relative to Pennsylvania, and lower middle income relative to the rest of the US. This equates to an annual income of $82,244 for a family of four. However, Harrisburg contains both very wealthy and poor people as well.

Harrisburg is an extremely ethnically-diverse city. The people who call Harrisburg home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Harrisburg residents report their race to be Black or African-American, followed by White. Harrisburg also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 20.32% of the city’s residents. Important ancestries of people in Harrisburg include German, Irish, Italian, English, and African.

The most common language spoken in Harrisburg is English. Other important languages spoken here include Spanish and Vietnamese.

Harrisburg APPRECIATION RATE

TIME PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED TO State* COMPARED TO AMERICA*
Latest Quarter:
2024 Q3-2024 Q4
0.00% 0.00%
Last 12 Months:
2023 Q4-2024 Q4
0.00% 0.00%
Last 2 Years:
2022 Q4-2024 Q4
0.00% 0.00%
Last 5 Years:
2019 Q4-2024 Q4
0.00% 0.00%
Last 10 Years:
2014 Q4-2024 Q4
0.00% 0.00%
Since 2000: Q1-2024 Q4 0.00% 0.00%
*10 is the highest


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HOME OWNERSHIP RATE


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