Metropolitan Statistical Area (MSA):

Gettysburg, PA

Gettysburg, PA is a Metropolitan Statistical Area (MSA) comprising counties including .

The Gettysburg, PA Metropolitan Statistical Area's Real Estate Trends in the Housing Market

The Gettysburg, PA metropolitan statistical area (MSA) is located in the southern part of the state and includes the cities of Gettysburg, Chambersburg, and York. The MSA has a population of just over half a million people and is growing at a rate of about 1% per year. The housing market in the MSA is strong, with a median home price of just over $200,000 and a vacancy rate of only 2%.

The Gettysburg MSA is seeing strong demand for both single-family homes and apartments. The median home price in the MSA has increased by about 5% over the past year, and prices are expected to continue to rise as demand remains high. The vacancy rate for apartments in the MSA is also very low, at less than 1%, meaning that there are very few units available for rent. This high demand has led to an increase in rents, with the average two-bedroom apartment now renting for about $1,200 per month.

Investors are bullish on the Gettysburg MSA housing market due to these strong trends. Single-family homes are especially popular with investors, as they offer potential for appreciation as well as rental income. With interest rates remaining low and job growth expected to continue in the region, it is likely that investment activity will remain strong in the Gettysburg housing market in the coming years.

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