Pennsylvania
I’m a Real Estate Investor: Here’s Why I’m Eyeing Harrisburg, Pennsylvania, in 2025
As home values continue to rise around the United States, real estate investing continues to grow in popularity. Even though significant risk is involved, it allows investors to diversify their investment portfolios and potentially revitalize an area they’ve grown to love.
Find Out: 6 Best Florida Suburbs to Buy Property in the Next 5 Years, According to Real Estate Agents
Learn More: 7 Reasons You Should Consider a Financial Advisor To Save More Money
As we approach the fourth quarter of 2024, it’s time to start looking ahead to what 2025 could bring for real estate investors. Because of the upcoming presidential election and some uncertainty about what the Federal Reserve will do with interest rates, there are mixed opinions on what’s to come in 2025.
In a June forecast, CoreLogic believed average home prices across the United States will grow by 3.4% through April 2025. However, Zillow isn’t quite as optimistic, expecting prices to decrease by 1.4% through May 2025.
Even though the real estate market is uncertain, investors will still proceed with upcoming projects. I spoke with a real estate professional who is very optimistic about the future of real estate in Harrisburg, Pennsylvania. Let’s dig in a little further into why this location may be worth investing in.
Earning passive income doesn’t need to be difficult. You can start this week.
Location, Location, Location
One of the most crucial factors in real estate is location. Whether you’re looking for a home to flip or something to hold onto for the long term and rent out, investing in a property in an area where people want to live is crucial to success.
“Just Google Harrisburg and you’ll see why it’s one of the hottest cities in the U.S. and the best place to live in Pennsylvania,” said Avrom Smith, founder of HAS Holdings LLC. “I believe it’s the best-kept secret in Pennsylvania. We’ve done almost a dozen deals in the last 12 months in Harrisburg, with many more on the horizon. Harrisburg, Pennsylvania, is a resurgent city with affordable growth potential.”
A lot goes into finding cities and neighborhoods that check all the boxes. Smith noted that he was attracted to Harrisburg because of its dedication to revitalizing economic growth, making it a city where people want to live.
“Harrisburg has seen significant economic growth in recent years, driven by government, healthcare, education and technology sectors,” Smith said. “This diversification has created a resilient job market and spurred demand for housing.”
Be Aware: 8 Places Where Houses Are Suddenly Major Bargains
Affordable Housing
Pricing is another significant factor for investors. While money can be made no matter how much the property costs, affordable housing allows for a lower barrier of entry for investors.
“One of Harrisburg’s standout features is its affordability compared to major metropolitan areas on the East Coast,” Smith said. “The median home price in Harrisburg is significantly lower than the national average, making it an attractive market for investors and buyers.”
Right now, Zillow shows the average home value in Harrisburg at $249,086.
However, it’s also important to remember that the investment cost is only a small piece of the puzzle. Making sure the investment is going to be profitable is critical to the success of an investment. This means researching the potential price-to-rent ratio, capitalization rate and expected cash flow.
Close to Major Cities
Many East Coast cities are among the most expensive real estate markets in the United States. While living in these locations might be a must for some people, others want to be somewhere more affordable but within a short distance of the action. That’s where Harrisburg fits the bill.
“Harrisburg’s strategic location offers easy access to major metropolitan areas like Philadelphia, Baltimore, Washington D.C., and New York City,” Smith said. “This proximity makes it an attractive option for commuters and businesses, further fueling demand for housing.”
Upgraded Infrastructure
Most people have a visual of where they want to live. It most likely doesn’t include dilapidated buildings and roads filled with potholes. Instead, they want to live somewhere where people care about how it’s perceived. Someplace where developers and government officials care enough to update roads and buildings but also preserve this historic charm. This is what Harrisburg can offer investors and residents.
“The city and state have made substantial investments in infrastructure, including transportation, revitalizing downtown areas, and improving public spaces,” Smith said. “These developments enhance the city’s appeal and contribute to property value appreciation.”
As a real estate investor, there are a lot of things that go into finding the perfect property that will allow you to maximize your potential return. The location will always be a critical factor. Investors want to find a location where property values are attractive, where the city is making necessary infrastructure upgrades to attract homebuyers, and where you’ll have access to other metropolitan areas. This is what makes Harrisburg such an attractive city for Smith.
“Harrisburg is a city that can be overlooked,” Smith said. “The city presents a unique opportunity for real estate investors. With its affordable housing market, revitalized economy, and strategic location, the city offers substantial growth potential and attractive returns on investment.”
More From GOBankingRates
This article originally appeared on GOBankingRates.com: I’m a Real Estate Investor: Here’s Why I’m Eyeing Harrisburg, Pennsylvania, in 2025
![](https://newspub.live/wp-content/uploads/2022/03/np-logo.png)
Pennsylvania
Residents in Wayne, Pennsylvania rattled after dispute turned deadly
![Residents in Wayne, Pennsylvania rattled after dispute turned deadly Residents in Wayne, Pennsylvania rattled after dispute turned deadly](https://assets1.cbsnewsstatic.com/hub/i/r/2024/08/03/83d56954-f71d-4e2b-a915-2e4c5013c712/thumbnail/1200x630/5cecc7562317c02e459aa948f72ac868/a9e8a821179837af41c89ca65b46b216.jpg?v=d7dedd293aad546f97f947149642d369)
Watch CBS News
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
Pennsylvania
Fatal shooting in Wayne, Pennsylvania shakes community, suspect in custody after extensive search
![Fatal shooting in Wayne, Pennsylvania shakes community, suspect in custody after extensive search Fatal shooting in Wayne, Pennsylvania shakes community, suspect in custody after extensive search](https://assets2.cbsnewsstatic.com/hub/i/r/2024/08/03/825d8590-aaa8-4d84-b78c-468411cee44c/thumbnail/1200x630/93b0dd4cf4817e13477998a80803baf7/promo.jpg?v=d7dedd293aad546f97f947149642d369)
WAYNE, Pa. (CBS) — The 900 block of Mount Pleasant Avenue in Wayne was blocked off Friday night after Tredyffrin Township police say a dispute led to a shooting. Officers say they got the 911 call around 5 p.m.
“As they arrived, they learned there was a deceased male in the street and two other male subjects that were involved in the matter,” Tredyffrin Township Police Chief Mike Beaty said.
Investigators say one of the suspects took off after the deadly shooting. Police were able to find him after they searched the nearby area with K9’s and drones.
At that time, residents were asked to lock their doors. They say the second suspect was cooperating with police.
“I can tell you there is no danger to the community at this time,” Beaty said.
Police have not released what the dispute was about.
“We are going to process the crime scene and contact and interview all the witnesses and try to get as much information as we can,” Beaty said.
Neighbors say they still have a lot of questions.
“That’s basically the first thing that came into my head is what happened,” Janice Ellis who lives nearby said. “Nothing like that has happened here before that I know of anyway.”
Pennsylvania
Update: Heat advisory affecting Pennsylvania until Friday evening
![Update: Heat advisory affecting Pennsylvania until Friday evening Update: Heat advisory affecting Pennsylvania until Friday evening](https://www.lehighvalleylive.com/resizer/v2/BUE33VGJNRASLHMFSDDE3C7SNM.png?auth=e2df1d052c987681c1262e2c31991608be00387ce3ac709021f9c29358724ce1&width=1280&quality=90)
The National Weather Service issued an updated heat advisory at 4:09 p.m. on Friday in effect until 8 p.m. for Berks, Lehigh, Northampton and Bucks counties.
“Heat index values up to 100 degrees,” says the weather service. “Showers and thunderstorms have brought relief from the excessive heat to many areas.”
“Hot temperatures and high humidity may cause heat illnesses,” explains the weather service.
Hot weather safety: Weather service tips for staying safe and healthy
- Stay hydrated: Make sure to drink plenty of fluids.
- Seek cool shelter: Opt for an air-conditioned room to stay comfortable.
- Avoid sun exposure: Avoid direct sun exposure, protect yourself and check on vulnerable relatives and neighbors.
- Child and pet safety: Never forget to safeguard young children and pets by not leaving them unattended in vehicles, especially during scorching weather when car interiors can become life-threateningly hot.
- Caution outdoors: Take extra precautions if you work or spend time outside.
- Optimal timing: If possible, move strenuous activities to early morning or evening for more favorable conditions.
- Recognize heat-related issues: Educate yourself about the signs and symptoms of heat exhaustion and heat stroke.
- Dress comfortably: Wear lightweight, loose-fitting clothing to stay comfortable.
Additional tips for outdoor workers:
- The Occupational Safety and Health Administration (OSHA) recommends frequent rest breaks in shaded or air-conditioned areas for outdoor workers.
- If someone succumbs to the heat, promptly relocate them to a cool, shaded location.
- In emergency situations, dial 911 for immediate assistance.
These NWS heat safety directives are essential for safeguarding your well-being when facing high temperatures. Stay well-informed and take the necessary precautions to shield yourself and others from the potential hazards of extreme heat.
Advance Local Weather Alerts is a service provided by United Robots, which uses machine learning to compile the latest data from the National Weather Service.
-
Mississippi4 days ago
MSU, Mississippi Academy of Sciences host summer symposium, USDA’s Tucker honored with Presidential Award
-
World1 week ago
Typhoon Gaemi barrels towards China’s Fujian after sinking ship off Taiwan
-
News1 week ago
Video: Biden Says It’s Time to ‘Pass the Torch’ to a New Generation
-
Politics6 days ago
Republicans say Schumer must act on voter proof of citizenship bill if Democrat 'really cares about democracy'
-
News1 week ago
Video: Kamala Harris May Bring Out Trump’s Harshest Instincts
-
News1 week ago
Who Can Achieve the American Dream? Race Matters Less Than It Used To.
-
World6 days ago
More right wing with fewer women – a new Parliament compendium
-
Politics1 week ago
House unanimously votes to create Trump assassination attempt commission