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Harrisburg, PA, displays all the qualities of an up-and-coming investment destination, thanks to an astute local government and strong support from its neighbors. As it emerges from a period of slow growth, Harrisburg real estate prices are still lower than the national average.
They won't stay that way for long, making now a good time for real estate investing enthusiasts to get on board. Read on for our top suggestions on where to start your search for properties with high potential in Harrisburg.
Shipoke
Shipoke, which is bounded on one side by the Susquehanna River, provides easy access to the trails and green spaces alongside the water. It's a quiet, up-market neighborhood that's popular with families.
Shipoke residents are prepared to pay a higher rent to enjoy their location away from the hubbub of the city while still enjoying easy access to convenient amenities.
Restaurants and shops are just a short drive from this secluded suburb filled with historic homes and well-preserved architectural gems.
Allison Hill
This is one of the best real estate areas in Harrisburg for property investors who want to benefit from low real estate prices.
Allison Hill is in the midst of ongoing renewal projects and is a prime destination for those interested in flipping houses or becoming a Section 8 landlord.
This area is located close to downtown Harrisburg, so it's perfectly poised for renters moving here to benefit from increasing employment opportunities in the city.
Downtown Harrisburg
As the capital of Pennsylvania, central Harrisburg is filled with attractive options for tenants, such as historic sites, cultural gems, and commercial endeavors.
This area is also at the center of a vigorous revitalization program. These urban renewal programs are sure to increase property prices and demand in the area.
Many multi-family housing developments in the area provide easy access to the city's commercial district and other amenities, attracting tenants who want a quick commute for work and play.
Middletown Harrisburg
Middletown Harrisburg offers respite from the city action, but it's still within walking distance of the attractions of downtown Harrisburg. Tenants enjoy quick access to places like the Middletown and Hummelstown Railroad and the Vineyard and Brewery at Hershey.
Middletown is a waterfront neighborhood with many options for dining and entertainment. These features make it a good option for those interested in investing in short-term rentals, too.
Crime rates are lower in Middletown, and rents are attractive to a wide range of tenants. Many entrepreneurs and young families enjoy this area for its convenience, relative safety, and reasonable prices.
Start Your Harrisburg Real Estate Investing Journey
Identifying the best Harrisburg, PA, investment properties is key to profiting from this growing market. An experienced property management team will help you make the right decision for your aspirations.
Hometown Property Management is your ally when navigating the Harrisburg property market. We have a high focus on enhancing the real estate experience for both landlords and tenants with a comprehensive range of services.
We are up to speed with the latest real estate trends in Harrisburg; let us guide your real estate investing adventure in this promising city.
