Is Shippensburg, PA a good place to invest in rental property?

Shippensburg, PA has a median modeled monthly cash flow of $-473 and a median cap rate of 3.9%, on a median sold price of $200,000. Prices changed +2.0% year over year.

What is the average cap rate in Shippensburg, PA?

The median cap rate across recently sold homes in Shippensburg, PA is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Shippensburg, PA?

The median sold price in Shippensburg, PA is $200,000 (about $128 per square foot).

Investing in Shippensburg, PA Real Estate

A data-driven snapshot of the Shippensburg, PA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$200,000Median sold price

$128Median $/sqft

3.9%Median cap rate

$-473Modeled cash flow / mo

+2.0%Appreciation YoY

8.0Months of supply

58Active listings

87Sold (last 12 mo)

What the Shippensburg numbers say

In Shippensburg, PA, the median home sold for $200,000 (about $128 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-473 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 8.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Pennsylvania markets to compare

See Shippensburg cash-flowing listings

CashFlowRE ranks every for-sale home in Shippensburg, PA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Shippensburg deals, or browse the national market data.