Pennsylvania
With moderately affordable property values, steady population growth driving rental demand and rising rents in various markets, Pennsylvania has become an ideal destination for SFR investors seeking solid cash flow and long-term appreciation. Whether you’re focusing on short- or long-term rentals, Pennsylvania offers different types of markets to align with your investment goals and maximize returns.
Markets like Allentown, Pittsburgh, Philadelphia and Harrisburg have seen notable year-over-year SFR rent growth. Allentown led the way with a 9.0% increase, pushing average rents to $2,106. Pittsburgh followed with a 5.0% rise to $1,843, Philadelphia climbed 4.0% to $1,852 and Harrisburg saw a 3.3% uptick to $1,6011. With consistent growth and strong demand, these markets remain top picks for investors seeking steady income.
While markets like Philadelphia have immense upside for both STRs and LTRs, Lake Harmony stands out as a market with the most potential. Lake Harmony scored 99 out of 100 on AirDNA’s investability metric. Their data shows investors earn an average annual revenue of $63,100, up 8% YoY2. For SFR investors looking to maximize returns in an affordable market, Lake Harmony is a solid option.
Visio Lending provides Pennsylvania investors with added asset protection and financial flexibility, as we require all borrowers in the state to invest through an LLC or corporate entity. Backed by years of expertise and a streamlined process, we’ve helped thousands of investors secure nearly $300 million in this growing market.
Sources:
1: Rentoemter
2: AirDNA
